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    7117 Central Ave Toledo, OH 43617

    For Lease
    $12 SF/Yr ($15,124 /Mo)

    Prime Retail Space Available, High Traffic

    Lot size:
    15,124 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This well-maintained 15,124 square foot strip center in Lucas County offers a 2,850 square foot retail space for lease. The property boasts a strong tenant mix, including Panera Bread, State Farm Insurance, Edward Jones, The Exercise Coach, Vine 2 Wine, and Lynette D. Jones Esthetics. The available space is ideal for a variety of uses, such as a spa, hair salon, yoga studio, or physical therapy clinic. Its large, open layout offers flexibility for various configurations. Located on West Central Avenue, just west of McCord Road, this highly visible location benefits from significant daily traffic of 31,000 vehicles. Its strategic position across from Lowe's and Meijer ensures excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with an average household income of $121,499 and a population of 7,353 within a one-mile radius. The proximity to the St. James Woods residential neighborhood further enhances the property's appeal. This is a rare opportunity to secure a retail space in a thriving commercial corridor with exceptional visibility and strong tenant occupancy. The property is part of a multiple-tenancy building.

    Property Features for 7117 Central Ave

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,124 SF
    Total Rate
    15124

    Unit(s) available at that property

    Space
    Unit 5
    Size
    2,850 SF
    Rate per SF
    $12

    HighLights

    • Well‑maintained strip center anchored by Panera Bread.
    • Strong tenant mix including State Farm, Edward Jones, and others.
    • 2,850 SF available space suitable for spa, salon, or fitness uses.
    • High‑traffic location on W. Central Avenue near McCord Road, with 31,000 vehicles per day.
    • Excellent visibility across from Lowe's and Meijer.
    • Strong demographics: $121,499 average household income and 7,353 population within 1 mile, adjacent to St. James Woods residential neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7129326
    Latitude
    41.6731261

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    FAQs

    What type of property is this?
    Strip mall - Prime Retail Space Available, High Traffic
    Where is this strip mall located?
    The property is located at 7117 Central Ave Toledo, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Well-maintained strip center anchored by Panera Bread.; Strong tenant mix including State Farm, Edward Jones, and others.; 2,850 SF available space suitable for spa, salon, or fitness uses.
    Request Owner's contact information
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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
    7117 Central Ave Toledo, OH 43617
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