5224 Dorr St Toledo, OH 43615
This exceptional 11,030-square-foot retail building, formerly a Rite Aid, is available for sale or lease. Situated on a prominent 1.65-acre corner lot at the intersection of Dorr Street and North Reynolds Road in Toledo, Ohio, this property boasts unparalleled visibility and accessibility. The location benefits from high daily traffic counts exceeding 45,000 vehicles on both streets. The single-tenant building, constructed in 1998, features a convenient drive-thru and ample parking for 51 vehicles. Its 10-CR zoning designation allows for a variety of commercial uses. The property's strategic location offers easy access to major interstates I-475 and I-75, placing it within close proximity to a large consumer base. Within a three-mile radius, the average household income surpasses $78,538, and the population within five miles exceeds 210,451. The property is less than a mile from the Inverness Golf Course and 2.3 miles from the University of Toledo. Nearby national retailers include Walgreens, Speedway, O'Reilly Auto Parts, and many more, further enhancing the property's desirability. This is a rare opportunity to acquire a well-positioned retail asset in a thriving Toledo market. The building is currently vacant, presenting a blank canvas for a new tenant or owner.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.