Retail Development Opportunity with
For Sale
Contact for pricing
1525 Cherry St, Toledo, OH 43608
Vacant brick retail building with drive-thru canopy on a signalized corner offering strong, multi-entry visibility for commercial redevelopment.
Property Size11,180 SF
Price / SF$17.89
Days on Market99
Property Features for 1525 Cherry St
General Information
Standard status
Active
Size
11,180 SF
Property subtype
Retail, Office
Zoning
Regional Commercial (CR)
Additional Details
Traffic Count
21,500 vehicles/day
Building Details
Year Built
2003
Listing Agency:
Anchor Point Capital
Listed By:
Ned Skinner · License #CA 02160283
Source:
Crexi
Added: Jun 17
Changed: Sep 19
Last Checked: Sep 22 at 6:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anchor Point Capital
Investment Insights
Based on property information with market context.
A vacant Rite Aid development opportunity at 1525 Cherry Street features an approximately 11,093 SF existing brick structure with a drive-thru canopy. The site is described as a signalized hard corner with excellent visibility and multiple points of entry. The property is positioned as a redevelopment alternative that may help reduce entitlement risk compared to ground-up development, supported by the presence of the existing improvements.
The property is located in an established commercial corridor near Downtown Toledo, with visibility tied to its signalized intersection and reported traffic of 21,500 cars per day at the intersection. The offering also notes that Regional Commercial (CR) zoning allows broad commercial uses.
For tenants, buyers, or operators seeking a ready-to-repurpose retail site, the drive-thru configuration and multi-entry layout can support a range of neighborhood and destination retail concepts. The marketing materials also cite 214,000+ residents within 5 miles and a dense urban population with both workforce and neighborhood retail demand, alongside a regional economy anchored by major employers including Jeep/Stellantis, ProMedica, and Owens Corning.
The property is located in an established commercial corridor near Downtown Toledo, with visibility tied to its signalized intersection and reported traffic of 21,500 cars per day at the intersection. The offering also notes that Regional Commercial (CR) zoning allows broad commercial uses.
For tenants, buyers, or operators seeking a ready-to-repurpose retail site, the drive-thru configuration and multi-entry layout can support a range of neighborhood and destination retail concepts. The marketing materials also cite 214,000+ residents within 5 miles and a dense urban population with both workforce and neighborhood retail demand, alongside a regional economy anchored by major employers including Jeep/Stellantis, ProMedica, and Owens Corning.
Key Highlights
- 11,093 SF vacant brick retail building built in 2003 on a signalized Cherry Street corner
- Drive‑thru canopy on‑site
- Signalized hard corner with 21,500 cars per day and multiple points of entry
Property Analytics
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Open Analytics
Current Use
Lease Details
21,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 77%
Shops & Services 22%
Apparel 1%
McDonald's
Dining
11,505 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
10,541 visits/mo
0.1 miles
Sunoco
Shops & Services
4,145 visits/mo
0.0 miles
One Stop
Shops & Services
1,885 visits/mo
0.3 miles
Liberty Tax
Shops & Services
306 visits/mo
0.3 miles
Demographics for 43608, OH
12,948
Population
6,419
Households
2
Avg Household Size
35
Median Age
10%
College-Educated
75%
High-School Grad
3.3 sq mi
ZIP Area
3,924
Density / Sq Mi
$28,535
Median Household Income
$24,107
Median Earnings
$828
Median Rent
$41,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drug store - Vacant brick retail building with drive-thru canopy on a signalized corner offering strong, multi-entry visibility for commercial redevelopment.
Where is this drug store located?
The property is located at 1525 Cherry St Toledo, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 11,093 SF vacant brick retail building built in 2003 on a signalized Cherry Street corner; Drive‑thru canopy on‑site; Signalized hard corner with 21,500 cars per day and multiple points of entry
