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    22 New Towne Square Dr Toledo, OH 43612

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    For Sale
    $649,000

    2.40 acres suitable for retail with multiple acquisition opportunities.

    Property size:
    7,638 SF
    Lot size:
    2.43 Acres

    Property Features for 22 New Towne Square Dr

    General Information

    Size
    7,638 SF
    Lot size
    2.43 Acres

    Source: Legacy Commercial Group Agent Trent Szkutnik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    2.40 Acre Retail Land

    This 2.40-acre commercial land parcel is suitable for multiple retail uses, including casual dining, QSR, single or multi-tenant retail. Multiple acquisition opportunities exist, including ground lease, NNN lease, or build-to-suit options. The L-shaped parcel offers the potential to increase ingress and egress off of Alexis Road and the newly reconstructed Sylvan Towne Road. The neighboring Toledo Trade Center industrial complex is under construction and will consist of three Class A industrial buildings totaling more than 850,000 square feet, estimated to bring over 500 jobs to the corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.5464983
    Latitude
    41.7232291

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    FAQs

    What type of property is this?
    Commercial land - 2.40 acres suitable for retail with multiple acquisition opportunities.
    Where is this commercial land located?
    The property is located at 22 New Towne Square Dr Toledo, OH.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - 2.40 acre parcel suitable for various retail uses such as casual dining and QSR.; - Multiple acquisition options: ground lease, NNN lease, or build to suit.; - Proximity to Toledo Trade Center, a new 850,000 SF Class A industrial complex.
    (419) 705-9794
    Request Owner's contact information
    22 New Towne Square Dr Toledo, OH 43612
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    Toledo, OH 43612
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 New Towne Square Dr Toledo, OH 43612
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