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    2450 Reynolds Rd Toledo, OH 43614

    Sponsored
    For Lease
    $18 SF/Yr

    Former Rite Aid, 14,564 sq ft, Drive-Thru

    Lot size:
    14,564 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14,564 square foot former Rite Aid retail space in Toledo, Ohio, presents a compelling investment opportunity. Strategically located on the hard corner of S. Reynolds Road and Heatherdowns Boulevard, this single-tenant property benefits from a combined daily traffic count of 53,000 vehicles, ensuring high visibility and exposure. The property features a convenient drive-thru lane and two large pylon signs for optimal marketing. Its prime location offers direct access to I-80/90 (Ohio Turnpike), enhancing accessibility. The surrounding area boasts a strong retail presence, including national tenants such as Kroger, Goodwill, and a new 150,000 square foot Amazon delivery station, creating a synergistic environment with high consumer traffic. The 5-mile trade area encompasses a substantial population of 153,802 residents and 84,038 daytime employees, with an average household income of $91,426. Furthermore, the property's proximity to several large apartment complexes, including Alt Stone Bridge, The Woodlands, and Genesis Village, provides a readily available residential customer base. This property is situated in Lucas County, Ohio, with the address being 2450 S Reynolds Rd, Toledo, OH 43614.

    Property Features for 2450 Reynolds Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,564 SF

    Unit(s) available at that property

    Space
    Size
    14,564 SF
    Rate per SF
    $18

    HighLights

    • High‑profile location on Reynolds Road with excellent visibility and accessibility.
    • 10,000 square feet of versatile warehouse space ideal for various uses.
    • 1.5‑acre lot provides ample room for expansion or outdoor storage.
    • Recently renovated with modern amenities and updated systems.
    • High‑bay ceilings and loading docks facilitate efficient operations.
    • Competitive lease rates available, contact for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Peacock Graphics Graphic Designer Rite Aid Drug Store Dr. Munir Ahmad, ... Family Practice Physician Adas Mohammad MD Internist Reynolds Clinic Medical Center

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon 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
    -83.6655116
    Latitude
    41.5956344

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    FAQs

    What type of property is this?
    Retail property - Former Rite Aid, 14,564 sq ft, Drive-Thru
    Where is this retail property located?
    The property is located at 2450 Reynolds Rd Toledo, OH.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High-profile location on Reynolds Road with excellent visibility and accessibility.; 10,000 square feet of versatile warehouse space ideal for various uses.; 1.5-acre lot provides ample room for expansion or outdoor storage.
    Request Owner's contact information
    2450 Reynolds Rd Toledo, OH 43614
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    Toledo, OH 43614
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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
    2450 Reynolds Rd Toledo, OH 43614
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