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    525-701 Manhattan Blvd Toledo, OH 43608

    Sponsored
    For Lease
    $9 SF/Yr

    Toledo, Ohio Strip Mall - Multiple Spaces Available

    Lot size:
    219,810 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Manhattan Plaza, located at 525-701 E. Manhattan Boulevard in Toledo, Ohio (Lucas County, zip code 43608), offers a prime retail opportunity in the Central City (Retail Only) submarket. This 219,810 square foot strip center, built in 1967 and renovated in 2010, sits on a 25-acre lot and is zoned C-4. The property features multiple available spaces ranging from 1,200 to 36,250 square feet. Strong anchors include Save A Lot, U.S. Post Office, Villa, Citi Trends, Forman Mills, Dollar Tree, McDonald's, KFC, a liquor store, pharmacy, and a grocery store, ensuring high foot traffic and visibility. One available space is a 1200 square foot in-line restaurant space complete with a full kitchen, equipment, and coolers. Lease specifications include lessee responsibility for utilities (heat, electricity, water, real estate taxes, insurance, and CAM charges) estimated at $3.25 per square foot. Roof and structure maintenance are the lessor's responsibility, while improvements are negotiable. Leases are for a minimum of three years. Cross street is Stickney Avenue. This property presents a compelling investment opportunity in a well-established retail corridor.

    Property Features for 525-701 Manhattan Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,810 SF
    Total Rate
    164857.5

    Building Details

    Year Built/Renovated
    1967/2010

    Unit(s) available at that property

    Space
    559 E Manhattan - Anchor
    Size
    22,930 SF
    Rate per SF
    $9
    Space
    627 E Manhattan - Anchor
    Size
    36,250 SF
    Rate per SF
    $9
    Space
    631 1/2 E Manhattan - Inline
    Size
    3,000 SF
    Rate per SF
    $9

    HighLights

    • High‑profile Manhattan Beach location with excellent visibility and accessibility.
    • Modern, efficient floor plan ideal for a variety of businesses.
    • Ample on‑site parking for employees and clients.
    • Recently renovated interior with high‑quality finishes.
    • Competitive lease rates and flexible lease terms available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5333799
    Latitude
    41.6874998

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    FAQs

    What type of property is this?
    Neighborhood center - Toledo, Ohio Strip Mall - Multiple Spaces Available
    Where is this neighborhood center located?
    The property is located at 525-701 Manhattan Blvd Toledo, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: High-profile Manhattan Beach location with excellent visibility and accessibility.; Modern, efficient floor plan ideal for a variety of businesses.; Ample on-site parking for employees and clients.
    Request Owner's contact information
    525-701 Manhattan Blvd Toledo, OH 43608
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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
    525-701 Manhattan Blvd Toledo, OH 43608
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