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    8239 Waterville Swanton Rd Waterville, OH 43566

    For Lease
    $20 SF/Yr

    14,673 SF Free-Standing Retail Building

    Lot size:
    14,673 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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.

    Property Features for 8239 Waterville Swanton Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,673 SF
    Total Rate
    24455

    Building Details

    Year Built
    2014
    Stories
    1

    Unit(s) available at that property

    Space
    Parcel 96-00122
    Size
    14,673 SF
    Rate per SF
    $20

    HighLights

    • 14,673 SF freestanding retail building, formerly a Rite Aid, with drive‑thru.
    • Excellent redevelopment or lease opportunity in a high‑traffic retail area with strong access and visibility.
    • High visibility from extensive 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?
    Individual retail property - 14,673 SF Free-Standing Retail Building
    Where is this individual retail property located?
    The property is located at 8239 Waterville Swanton Rd Waterville, OH.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 14,673 SF freestanding retail building, formerly a Rite Aid, with drive-thru.; Excellent redevelopment or lease opportunity in a high-traffic retail area with strong access and visibility.; High visibility from extensive street frontage and prominent pylon signage.
    Request Owner's contact information
    8239 Waterville Swanton Rd Waterville, OH 43566
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    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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