4208 Airport Hwy Toledo, OH 43615-7009
- Strip malls
- 24,520 SF
- 1.89 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 4208 Airport Hwy
- Year built
- 1982
- Lot size
- 1.89 lot acres
- Property size
- 24,520 SF
- Zone code
- 10-CN
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 02-38771
- APU
- 238771
Description
This exceptional 24,520 square foot retail strip center, built in 1982, is strategically located at the intersection of Airport Highway and Wenz Road in Toledo, Ohio (zip code 43615). The property boasts a prominent position, directly across from Swan Creek Metropark and surrounded by a substantial residential population including numerous apartment complexes and single-family homes. The center features a single building with ample parking for 100 vehicles, ensuring convenient access for customers and employees. Currently, there are multiple vacancies totaling 13,684 square feet, presenting a significant opportunity for expansion or new tenancy. The zoning designation is 10-CN. The property's address is 4208 Airport Highway, Toledo, OH. This well-maintained property offers a strong foundation for a variety of retail businesses, benefiting from its high visibility and proximity to a dense residential area and recreational amenities. The property's parcel number (APN) is 0238771. The substantial available space presents a unique opportunity for businesses seeking a prime location in a thriving Toledo neighborhood. This is an excellent investment opportunity for those seeking a well-located retail property with significant potential for growth.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $715,000
- 6.5%
- $670,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $795,000
- Retail
- $705,000
- Mixed-Use
- $680,000
- Hospitality
- $780,000
- Educational
- $765,000
- Residential Income
- $705,000
- Energy
- $720,000
- Income-Based Land
- $720,000
- Food Service
- $765,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6431
- Latitude
- 41.6206
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA