8239 Waterville Swanton Rd Waterville, OH 43566-9725
This 14,673-square-foot free-standing retail building, built in 2014, is situated on a 3.76-acre lot in Lucas County, Ohio. Located at 8239 Waterville-Swanton Road (Michigan Ave & Waterville Monclova Rd), this single-tenant property offers exceptional visibility and accessibility. Previously occupied by Rite Aid, it features a drive-thru and a prominent pylon sign. The property benefits from high daily traffic counts: 3,900 vehicles per day (VPD) on Waterville Monclova Road, 7,000 VPD on Waterville Swanton Road (also known as Michigan Avenue), and 24,000 VPD on nearby US Highway 24. Its location at a signalized intersection ensures high exposure. The surrounding area boasts a strong tenant mix, including a Kroger-anchored center, Key Bank, the YMCA, Edward Jones Investments, and Dollar General, indicating a thriving retail environment. The property's proximity to a mix of residential areas further enhances its appeal. This location presents a compelling opportunity for redevelopment or leasing in a prime retail area with easy access to major commuter routes and established businesses. The property is zoned for commercial use and has a Lucas County APN of 96-00122. The building is one story and includes one parking space. This is a truly exceptional opportunity for investors seeking a high-visibility retail location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
39-C1 · Waterville, OHWaterville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.