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    8239 Waterville Swanton Rd Waterville, OH 43566

    For Sale
    $4,250,000

    14,673 SF Retail Building, Waterville, OH

    Property size:
    14,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 14,673-square-foot retail property, built in 2014, presents a compelling investment opportunity in Waterville, Ohio. Located at 8239 Waterville Swanton Rd, this single-story building sits on a 3.76-acre lot within a thriving commercial district (Commercial District zoning). The property features 60 parking spaces and boasts high visibility due to its extensive street frontage and a large pylon sign. Previously occupied by Rite Aid, the building includes a drive-thru, making it ideal for a variety of retail uses. The location offers excellent access to major thoroughfares, including US Hwy 24, a key route to Toledo, and benefits from high traffic counts: 3,900 vehicles per day on Waterville Monclova Road, 7,000 on Waterville Swanton Road (also known as Michigan Avenue), and 24,000 on US Hwy 24. The surrounding area features a strong tenant mix, including a Kroger-anchored center, Key Bank, the YMCA, Edward Jones Investments, and Dollar General, ensuring a robust customer base. The property's proximity to a mix of single-family and multi-family residential complexes further enhances its appeal. This freestanding building offers a great lease or redevelopment opportunity in a prime retail area with easy access to nearby neighborhoods and well-known national and regional retailers. The asking price is $4,250,000. The property's APN is 96-00122.

    Property Features for 8239 Waterville Swanton Rd

    General Information

    Property type
    Retail properties
    Square Feet
    14,673 SF
    Lot Size
    163,786 SF

    Building Details

    Year Built
    2014
    Stories
    1

    HighLights

    • Freestanding building with drive‑thru, formerly a Rite Aid.
    • Excellent redevelopment or lease opportunity in a high‑traffic retail location with convenient access to major roadways and surrounding residential areas.
    • High visibility due to significant street frontage and prominent pylon signage.
    • High daily traffic counts: 3,900 VPD on Waterville Monclova Rd, 7,000 VPD on Waterville Swanton Rd (Michigan Ave), and 24,000 VPD on US Hwy 24.
    • Co‑listed with Joseph Simon of SRS National Net Lease Group.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm LifePointe Church-Waterville Non-Denominational Church Rite Aid Drug Store Coinhub Bitcoin ATM ... Atm Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7388214
    Latitude
    41.5037404

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    FAQs

    What type of property is this?
    Retail property - 14,673 SF Retail Building, Waterville, OH
    Where is this retail property located?
    The property is located at 8239 Waterville Swanton Rd Waterville, OH.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Freestanding building with drive-thru, formerly a Rite Aid.; Excellent redevelopment or lease opportunity in a high-traffic retail location with convenient access to major roadways and surrounding residential areas.; High visibility due to significant street frontage and prominent pylon signage.
    (419) 346-5826
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    8239 Waterville Swanton Rd Waterville, OH 43566
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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
    8239 Waterville Swanton Rd Waterville, OH 43566
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