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    7340 Central Ave Toledo, OH 43617

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    For Lease
    Contact for pricing

    High-Visibility Retail Outparcel, 5,800 SF

    Lot size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,800 square foot retail outparcel, situated on a one-acre lot in Sylvania Township, Ohio, presents a prime opportunity for redevelopment or ground lease. Located directly adjacent to a new Panda Express and boasting excellent visibility from West Central Avenue, this property benefits from its strategic placement on the primary Meijer access drive. The site enjoys significant daily traffic, with over 30,000 vehicles passing by daily. The surrounding demographics are highly desirable, with over 119,000 people residing within a five-mile radius and boasting average household incomes exceeding $94,000. The property's former use as a freestanding restaurant provides a solid foundation for a variety of retail concepts. Options include a ground lease, build-to-suit development, or redevelopment into a multi-tenant retail center, catering to the substantial consumer base in the area. This location offers unparalleled access and exposure, making it an ideal investment for businesses seeking high visibility and a strong customer base. The property's size and location make it a highly attractive proposition for a variety of retail uses. The high traffic count and affluent demographics ensure a strong potential for success. This is a rare opportunity to secure a prominent retail space in a thriving community.

    Property Features for 7340 Central Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,800 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    5,800 SF

    HighLights

    • 5,800 SF vacant retail outparcel available for lease or build‑to‑suit.
    • Located in Sylvania Township, Lucas County, Ohio, on a one‑acre lot.
    • Excellent visibility and access from West Central Avenue, adjacent to a Panda Express and a Meijer grocery store.
    • High traffic count (over 30,000 vehicles daily) and strong demographics (over 119,000 people within a 5‑mile radius, average household income over $94,000).
    • Suitable for single‑tenant or multi‑tenant retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Si’s X Million's ... Seafood Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7186267
    Latitude
    41.6742772

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    FAQs

    What type of property is this?
    Individual retail property - High-Visibility Retail Outparcel, 5,800 SF
    Where is this individual retail property located?
    The property is located at 7340 Central Ave Toledo, OH.
    What are key features of this property?
    This property features: 5,800 SF vacant retail outparcel available for lease or build-to-suit.; Located in Sylvania Township, Lucas County, Ohio, on a one-acre lot.; Excellent visibility and access from West Central Avenue, adjacent to a Panda Express and a Meijer grocery store.
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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
    7340 Central Ave Toledo, OH 43617
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