601 Adams St Toledo, OH 43604-1419
This exceptional retail property at 601 Adams Street in Toledo, Ohio, presents a rare investment opportunity. The 2,276 square foot building, constructed in 1995, boasts a prime downtown location and is zoned CD – Downtown Comm. The property includes a convenient drive-thru, a significant advantage for restaurant operations, and ample parking with approximately 20 spaces. Situated on a 0.247-acre lot, the building is a single-story structure offering versatile space suitable for a variety of uses, currently configured as both a convenience store and a restaurant. The property's current tenants operate on a month-to-month lease, providing flexibility for future plans. The asking price is $695,000, and the property operates under a NNN lease structure. The Lucas County location, with its convenient access and high visibility, makes this a highly attractive investment for discerning buyers seeking a strong return in a thriving urban area. The property's APN is 48961 and the zip code is 43604. This is a unique chance to acquire a well-positioned, income-generating property in the heart of Toledo.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-CD · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.