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    2429 Reynolds Rd Toledo, OH 43614

    For Lease
    Contact for pricing

    High-traffic location, ground lease available.

    Lot size:
    217,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land parcel, located at 2429 S Reynolds Rd in Toledo, Ohio (Lucas County, zip code 43614), presents a unique ground lease opportunity. Currently utilized as a parking lot, this property offers significant potential for various commercial ventures. The site boasts a prime location at the intersection of busy Heatherdowns Blvd and S Reynolds Road, experiencing over 16,000 vehicles daily. This high-traffic retail corridor benefits from a dense residential population and the proximity of a thriving independent living center, ensuring a consistent customer base. The strategic location also places the property near a major Amazon Fulfillment Center and Arrowhead Business Park, further enhancing its appeal and accessibility. The available land is adaptable to suit a range of business needs, offering flexibility for development. This is an excellent chance to establish a presence in a dynamic and rapidly growing area of Toledo. The property is offered as a ground lease. Interested parties should be prepared to explore the terms of a ground lease agreement with the owners of Genesis Retirement Village. The property's high visibility and convenient location make it an ideal investment for businesses seeking a strong foothold in a bustling commercial area.

    Property Features for 2429 Reynolds Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    217,800 SF

    Unit(s) available at that property

    Space
    Size
    217,800 SF

    HighLights

    • Ground lease opportunity on a 2429 S Reynolds Rd, Toledo, OH (43614) parcel.
    • High‑traffic location at Heatherdowns Blvd and S Reynolds Rd, exceeding 16,000 vehicles daily.
    • Prime retail corridor with dense residential population and proximity to an independent living center.
    • Near major Amazon Fulfillment Center and Arrowhead Business Park.
    • Adaptable land suitable for various commercial developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Genesis Village Retirement Community Heroes In Action Association / Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6635287
    Latitude
    41.5962538

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    FAQs

    What type of property is this?
    Land - High-traffic location, ground lease available.
    Where is this land located?
    The property is located at 2429 Reynolds Rd Toledo, OH.
    What are key features of this property?
    This property features: Ground lease opportunity on a 2429 S Reynolds Rd, Toledo, OH (43614) parcel.; High-traffic location at Heatherdowns Blvd and S Reynolds Rd, exceeding 16,000 vehicles daily.; Prime retail corridor with dense residential population and proximity to an independent living center.
    Request Owner's contact information
    2429 Reynolds Rd Toledo, OH 43614
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    Toledo, OH 43614
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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
    2429 Reynolds Rd Toledo, OH 43614
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