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    1256 Broadway St Toledo, OH 43609

    Sponsored
    For Lease
    $8 SF/Yr ($7,906 /Mo)

    Toledo Retail Center: Prime Location, Multiple Units Available

    Lot size:
    11,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Heritage South Plaza, located at 1256 Broadway Street in Toledo, Ohio (43609), presents a compelling retail investment opportunity. This single-story, 11,860 square foot strip center, built in 1987, sits on a 0.72-acre lot and offers ample parking with 36 spaces. Currently, there are multiple units available, ranging from a minimum of 1,419 square feet to a maximum contiguous space of 2,640 square feet. A total of 4,059 square feet is currently vacant, providing flexibility for various retail concepts. The property is zoned CS - Commercial Service and is conveniently located near Western Avenue in Toledo's South/Southwest submarket. The property's APN is 02-21251, and it's situated in Lucas County. This well-positioned center offers excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a thriving commercial area. The property's single-story design and ample parking provide convenience for both tenants and customers. This is a rare opportunity to secure retail space in a desirable Toledo location.

    Property Features for 1256 Broadway St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,860 SF
    Total Rate
    7906.67

    Building Details

    Year Built
    1987
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5 & 6
    Size
    2,640 SF
    Rate per SF
    $8
    Space
    Suite 4
    Size
    1,419 SF
    Rate per SF
    $9

    HighLights

    • Multi‑tenant retail building in South Toledo.
    • Two points of ingress/egress.
    • Pylon signage.
    • High population density (81,838 within 3‑mile radius).
    • Located on a busy commercial corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    5 star mini ... Grocery Store Stop & Go Convenience Store Athena Bitcoin ATM Crypto Atm Bitcoin of America ATM Atm

    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
    -83.553079
    Latitude
    41.6336749

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    FAQs

    What type of property is this?
    Neighborhood center - Toledo Retail Center: Prime Location, Multiple Units Available
    Where is this neighborhood center located?
    The property is located at 1256 Broadway St Toledo, OH.
    What is the lease rate?
    The lease rate is $8-$9 SF/Yr.
    What are key features of this property?
    This property features: Multi-tenant retail building in South Toledo.; Two points of ingress/egress.; Pylon signage.
    Request Owner's contact information
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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
    1256 Broadway St Toledo, OH 43609
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