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    309-337 Alexis Rd Toledo, OH 43612

    Sponsored
    For Sale
    $1,800,000

    Thriving Toledo Shopping Center

    Property size:
    19,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,520 square foot shopping center in Toledo, Ohio, presents a compelling investment opportunity. Boasting a 9.52% cap rate and 100% occupancy, the property features a strong mix of long-term tenants creating excellent retail synergy. Situated on 2.39 acres with over 350 feet of frontage on Alexis Road, the center benefits from high visibility and convenient access via two curb cuts and three pylon signs. Traffic counts exceed 27,000 vehicles per day (VPD), and the location is strategically positioned within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus, ensuring high foot traffic. The property is zoned C-R (Regional Commercial) and includes 64 parking spaces. A new roof was installed in 2011. This multi-tenant, NNN-leased property is priced at $1,800,000 ($92.21/sq ft), offering significant value and potential for future growth. The property's prime location, strong tenant base, and high visibility make it an ideal investment for discerning buyers seeking a stable, high-performing asset in a thriving market.

    Property Features for 309-337 Alexis Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    19,520 SF
    Lot Size
    104,108 SF

    HighLights

    • 100% occupied neighborhood shopping center on Alexis Road in Toledo, OH, boasting over 27,000 vehicles per day (VPD).
    • Located within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus.
    • Strong tenant mix with long‑term leases providing excellent retail synergy.
    • Excellent value‑add opportunity.
    • High visibility with over 350 feet of frontage on Alexis Road, three pylon signs, and dual curb cuts for convenient access.
    • New roof installed in 2011.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5544431
    Latitude
    41.7212406

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    FAQs

    What type of property is this?
    Lifestyle center - Thriving Toledo Shopping Center
    Where is this lifestyle center located?
    The property is located at 309-337 Alexis Rd Toledo, OH.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 100% occupied neighborhood shopping center on Alexis Road in Toledo, OH, boasting over 27,000 vehicles per day (VPD).; Located within half a mile of major retailers including Kroger, Target, Home Depot, Lowe's, and Pet Supplies Plus.; Strong tenant mix with long-term leases providing excellent retail synergy.
    Request Owner's contact information
    309-337 Alexis Rd Toledo, OH 43612
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    Toledo, OH 43612
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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
    309-337 Alexis Rd Toledo, OH 43612
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