5453 Monroe St Toledo, OH 43623
- Retail properties
- 11,036 SF
Current Use by Public Records
- Bottle Shop at Mancy's Italian / Wine Store
- Mancy's Italian Grill / Wine Store / Wine Bar
Property Details for 5453 Monroe St
- Property size
- 11,036 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional turn-key restaurant opportunity is located at 5453 Monroe Street in Toledo, Ohio, within Sylvania Township. The 11,036 square foot free-standing building sits on over two acres of land, offering significant redevelopment potential. Boasting over 147 parking spaces, the property enjoys high visibility with over 31,000 vehicles passing daily, and prominent frontage on Monroe Street (approximately 185 feet) and Whiteford Road (approximately 190 feet). The building has been meticulously maintained since 1997 and features recent updates including a renovated dining room (2017), a newly added bottle shop (2017), a new roof (2014), and a remodeled kitchen (2013). All HVAC units have been replaced within the last ten years. The property benefits from its location in Sylvania Township, which levies no income tax, and its proximity to a strong commercial corridor with numerous retail establishments, restaurants, apartments, and professional offices. Conveniently located within one mile of I-475/US 23, this property presents a compelling investment opportunity. The asking price is $2,375,000, translating to $215.20 per square foot. The business itself is not included in the sale, however, all furniture, fixtures, and equipment (FF&E) are negotiable.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6642
- Latitude
- 41.7054
