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    505 Jefferson Ave Toledo, OH 43604

    Sponsored
    For Lease
    $12 SF/Yr ($12,000 /Mo)

    Prime location, high-traffic area, 12,000 sq ft.

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant opportunity is situated at 505 Jefferson Avenue in the heart of Downtown Toledo, Ohio, a vibrant and rapidly growing area. The property boasts a substantial 12,000 square feet of improved retail space, ideal for a large-scale restaurant operation. Its strategic location places it between the Mud Hens baseball stadium (5/3rd Field) and the Walleye hockey arena (Huntington Center), ensuring high visibility and foot traffic. Across the street lies the Seagate Convention Center, complemented by two newly constructed hotels offering over 500 rooms. This prime location is within the central business district, boasting the highest concentration of office workers in Northwest Ohio, providing a substantial daytime customer base. The area is experiencing significant residential growth, with an anticipated influx of 1,000 new residents within the next 12-18 months, thanks to the addition of 156 new apartments nearby. This presents a unique opportunity to capitalize on a burgeoning market with a strong existing infrastructure and a promising future. The property is easily accessible and benefits from excellent visibility on Jefferson Avenue, near the intersection with North Superior Street, in Lucas County, zip code 43604. This is a rare chance to establish a thriving restaurant business in a dynamic and expanding urban core.

    Property Features for 505 Jefferson Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    12000

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    12,000 SF
    Rate per SF
    $12

    HighLights

    • 12,000 SF restaurant space in Downtown Toledo, OH.
    • Prime location between 5/3rd Field and Huntington Center, across from the Seagate Convention Center and two new hotels (500+ rooms).
    • High visibility and foot traffic in the central business district with a large daytime population.
    • Strong growth potential with 156 new apartments and 1,000 projected new residents nearby.
    • Excellent accessibility on Jefferson Ave. near N. Superior St., Lucas County, OH 43604.
    Property Profile Location Intelligence

    Current Use by Public Records

    IDER security Security Guard Service Whiskey Red Saloon Bar Pre-Paid Legal Services ... Legal Services Tiffany M. Muirhead, ... Doctor Merchant Service Partners ... Business To Business Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5373766
    Latitude
    41.6502602

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    FAQs

    What type of property is this?
    Neighborhood center - Prime location, high-traffic area, 12,000 sq ft.
    Where is this neighborhood center located?
    The property is located at 505 Jefferson 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: 12,000 SF restaurant space in Downtown Toledo, OH.; Prime location between 5/3rd Field and Huntington Center, across from the Seagate Convention Center and two new hotels (500+ rooms).; High visibility and foot traffic in the central business district with a large daytime population.
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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
    505 Jefferson Ave Toledo, OH 43604
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