Freestanding Former Restaurant
1641 W Sylvania Ave Toledo, OH
1641 W Sylvania Ave, Toledo, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Freestanding 1,768 SF former restaurant building for sale.
Property Size1,768 SF
Lot Size0.41 Acres
Price / SF$183.82
Days on Market354
Property Features for 1641 W Sylvania Ave
General Information
- Standard status
- Active
- Size
- 1,768 SF
- Lot size
- 0.41 Acres
- Property subtype
- RETAIL
Listing agency
Reichle | Klein Group
(419) 346-5826
Listed by
Duke Wheeler · License #2002018621
(419) 346-5826
Source
Moodyscre
Added: Aug 4, 2025 Updated: Jul 6 at 10:06AM Checked: Jul 21 at 5:48AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
A freestanding, 1,768 square foot former restaurant building is available for purchase. Zoned as Regional Commercial, the building was previously occupied by a restaurant, and the former dining area has been converted into office space. The property benefits from multiple curb cuts, as well as pylon and building signage.
Key Highlights
- Freestanding building zoned Regional Commercial
- Multiple curb cuts for easy access
- Pylon and building signage available
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $10.80 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $17.9k | $10.15 |
| − OpEx | −$4.5k | −$2.54 |
| NOI | $13.5k | $7.61 |
1,768 SF · lease $10.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$192.3K
$168.3K – $224.4K
NOI $13,462 @ 7.0% cap · market cap 4.14%
Second Best
Retail
$164.7K
$144.1K – $192.1K
NOI $11,527 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Liberty Tax
Accounting Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding 1,768 SF former restaurant building for sale.
Where is this retail space located?
The property is located at 1641 W Sylvania Ave Toledo, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Freestanding building zoned Regional Commercial; Multiple curb cuts for easy access; **Pylon and building signage available**
