Property profile

525-701 Manhattan Blvd Toledo, OH 43608

OFF-MARKET
Neighborhood centers
219,810 SF Built 1967
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Property summary

AI-generated overview

Manhattan Plaza, located at 525-701 E. Manhattan Boulevard in Toledo, Ohio (Lucas County, zip code 43608), offers a prime retail opportunity in the Central City (Retail Only) submarket. This 219,810 square foot strip center, built in 1967 and renovated in 2010, sits on a 25-acre lot and is zoned C-4. The property features multiple available spaces ranging from 1,200 to 36,250 square feet. Strong anchors include Save A Lot, U.S. Post Office, Villa, Citi Trends, Forman Mills, Dollar Tree, McDonald's, KFC, a liquor store, pharmacy, and a grocery store, ensuring high foot traffic and visibility. One available space is a 1200 square foot in-line restaurant space complete with a full kitchen, equipment, and coolers. Lease specifications include lessee responsibility for utilities (heat, electricity, water, real estate taxes, insurance, and CAM charges) estimated at $3.25 per square foot. Roof and structure maintenance are the lessor's responsibility, while improvements are negotiable. Leases are for a minimum of three years. Cross street is Stickney Avenue. This property presents a compelling investment opportunity in a well-established retail corridor.

Property profile

Verified
Property type Neighborhood centers
Year built 1967
Total area 219,810 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

525-701 Manhattan Blvd Toledo, OH 43608
Toledo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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