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    1707 Cherry St Toledo, OH 43620

    For Sale
    $395,000

    Prime .6-acre commercial lot, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional .6-acre commercial land parcel presents a unique investment opportunity in Toledo, Ohio. Situated at 1707 Cherry Street, this outlot boasts a highly desirable location near Mercy St. Vincent Medical Center, offering excellent visibility and accessibility. The property benefits from perpetual access easements to Sherman, Cherry, and Bancroft street curb cuts, ensuring convenient ingress and egress. Furthermore, parking rights are included within Seaway Marketplace's Lot 1, providing ample parking for potential businesses or developments. The permitted zoning is CR, allowing for a variety of commercial uses. This outlot is ideally positioned for a range of commercial ventures, capitalizing on its proximity to a major medical center and established retail presence. The property's strategic location and convenient access make it an attractive option for developers and investors seeking a high-growth area with significant potential. The asking price is $395,000. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving Toledo neighborhood. The property is conveniently located near a grocery store and a Popeyes restaurant. The 0.6-acre lot offers significant potential for development and investment.

    Property Features for 1707 Cherry St

    General Information

    Property type
    Land
    Lot Size
    26,136 SF

    HighLights

    • $395,000 asking price.
    • 0.6‑acre commercial land parcel.
    • CR zoning.
    • Located at 1707 Cherry Street, Toledo, OH 43620.
    • Outlot with perpetual access easements and parking rights.
    • Proximity to Mercy St. Vincent Medical Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier Bank Bank seaway pharmacy Pharmacy Seaway Market Place ... Grocery Store MoneyGram Money Transfer Service Boost Mobile Cell Phone Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm 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
    -83.540901
    Latitude
    41.6646532

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    FAQs

    What type of property is this?
    Land - Prime .6-acre commercial lot, ideal location.
    Where is this land located?
    The property is located at 1707 Cherry St Toledo, OH.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: $395,000 asking price.; 0.6-acre commercial land parcel.; CR zoning.
    Request Owner's contact information
    1707 Cherry St Toledo, OH 43620
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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
    1707 Cherry St Toledo, OH 43620
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