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    626 Reynolds Rd Toledo, OH 43615

    Sponsored
    For Sale
    $325,000

    Profitable Car Wash, High-Traffic Location

    Property size:
    5,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 626 N. Reynolds Road in Toledo, Ohio, presents a unique investment opportunity. The 5,353 square foot building sits on a 0.119-acre lot and is zoned 10 CR. Built in 1972, the single-story structure currently operates as a manual car wash with five wash bays, having served the community since 1975. The asking price is $325,000, translating to $60.71 per square foot. Its prime location on busy N. Reynolds Road ensures high visibility and consistent traffic flow. The property's versatile zoning and existing infrastructure offer significant potential for conversion into various other commercial businesses, making it an attractive option for both established entrepreneurs and investors seeking a strong return. The property's APN is 2060164, -67, -71, -74. This is a rare chance to acquire a well-established business in a thriving Toledo location. The property's history and current operation provide a solid foundation for future success, regardless of the chosen business model. This presents a compelling opportunity for a savvy investor to capitalize on a proven location and adapt it to meet evolving market demands.

    Property Features for 626 Reynolds Rd

    General Information

    Property type
    Retail properties
    Square Feet
    5,353 SF
    Lot Size
    5,184 SF

    Building Details

    Year Built
    1972
    Stories
    1

    HighLights

    • High‑traffic location on N. Reynolds Rd., Toledo, OH.
    • Established manual car wash with five bays.
    • Versatile zoning allows for conversion to various commercial uses.
    • Successful operation since 1975.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.664206
    Latitude
    41.6467329

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    FAQs

    What type of property is this?
    Retail property - Profitable Car Wash, High-Traffic Location
    Where is this retail property located?
    The property is located at 626 Reynolds Rd 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: High-traffic location on N. Reynolds Rd., Toledo, OH.; Established manual car wash with five bays.; Versatile zoning allows for conversion to various commercial uses.
    (419) 794-3954
    Request Owner's contact information
    626 Reynolds Rd Toledo, OH 43615
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    Toledo, OH 43615
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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
    626 Reynolds Rd Toledo, OH 43615
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