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    5950 Airport Hwy Toledo, OH 43615

    Sponsored
    For Lease
    $12 SF/Yr ($19,270 /Mo)

    Toledo Retail Space - 4 Suites Available

    Lot size:
    18,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 5950 Airport Highway in Toledo, Ohio, presents a fantastic opportunity for businesses seeking prime commercial space. The single-story building, totaling 18,500 square feet, was constructed in 1985 and underwent renovations in 2006. Currently, there are four suites available, offering flexible space options ranging from a minimum of 750 square feet to a maximum contiguous space of 3,000 square feet. A significant 4,750 square feet is currently vacant, providing immediate occupancy potential. The property boasts ample parking with approximately 100 spaces conveniently located at the rear of the building. The building is equipped with 200 amps of power, ensuring sufficient electrical capacity for various business needs. Situated near the intersection of Airport Highway and S. Holland-Sylvania Road, this location benefits from high visibility and excellent access to major transportation routes. The property is zoned CN (Neighborhood Commercial) within Lucas County, Ohio, and features a convenient 43615 zip code. This versatile space is ideal for a variety of retail uses, offering a blend of established infrastructure and modern updates. The ample parking and strategic location make this an attractive option for businesses seeking a strong presence in the Toledo market.

    Property Features for 5950 Airport Hwy

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,500 SF
    Total Rate
    19270.83

    Building Details

    Year Built/Renovated
    1985/2006
    Stories
    1

    Unit(s) available at that property

    Space
    Units 12/13 & 14 can be combined
    Size
    3,000 SF
    Rate per SF
    $12
    Space
    Unit 12/13
    Size
    2,000 SF
    Space
    Unit 14
    Size
    1,000 SF
    Rate per SF
    $12
    Space
    Unit 16
    Size
    750 SF
    Space
    Unit 18
    Size
    1,000 SF
    Rate per SF
    $13

    HighLights

    • 18,500 SF single‑story retail building in Toledo, OH, with four available suites ranging from 750 to 3,000 SF contiguous; 4,750 SF currently vacant.
    • High‑visibility location at the hard corner of Airport Hwy and S. Holland‑Sylvania Rd, with convenient access to US 23.
    • Established retail market with multiple high‑performing nearby retailers and an average trade area income of $73,118.
    • Toledo MSA population exceeds 650,000, the 6th largest in Ohio.
    • Ample parking (100 spaces) and 200‑amp power.
    • Unit 12/13 tenant has prominent signage options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Great Expressions Dental ... Dentist CosmoProf Beauty Supply Store Reflections by Design Hair Salon Assist-2-Sell Real Estate Agency The Garage Barbershop Toledo Barber Shop

    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
    -83.6829587
    Latitude
    41.6144587

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    FAQs

    What type of property is this?
    Retail property - Toledo Retail Space - 4 Suites Available
    Where is this retail property located?
    The property is located at 5950 Airport Hwy Toledo, OH.
    What is the lease rate?
    The lease rate is $0.00-$13 SF/Yr.
    What are key features of this property?
    This property features: 18,500 SF single-story retail building in Toledo, OH, with four available suites ranging from 750 to 3,000 SF contiguous; 4,750 SF currently vacant.; High-visibility location at the hard corner of Airport Hwy and S. Holland-Sylvania Rd, with convenient access to US 23.; Established retail market with multiple high-performing nearby retailers and an average trade area income of $73,118.
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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
    5950 Airport Hwy Toledo, OH 43615
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