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Property profile & analytics
OFF-MARKET
Neighborhood centers

505 Jefferson Ave Toledo, OH 43604

12,000 SF
Property ID
Property summary
AI-generated overview

This exceptional restaurant opportunity is situated at 505 Jefferson Avenue in the heart of Downtown Toledo, Ohio, a vibrant and rapidly growing area. The property boasts a substantial 12,000 square feet of improved retail space, ideal for a large-scale restaurant operation. Its strategic location places it between the Mud Hens baseball stadium (5/3rd Field) and the Walleye hockey arena (Huntington Center), ensuring high visibility and foot traffic. Across the street lies the Seagate Convention Center, complemented by two newly constructed hotels offering over 500 rooms. This prime location is within the central business district, boasting the highest concentration of office workers in Northwest Ohio, providing a substantial daytime customer base. The area is experiencing significant residential growth, with an anticipated influx of 1,000 new residents within the next 12-18 months, thanks to the addition of 156 new apartments nearby. This presents a unique opportunity to capitalize on a burgeoning market with a strong existing infrastructure and a promising future. The property is easily accessible and benefits from excellent visibility on Jefferson Avenue, near the intersection with North Superior Street, in Lucas County, zip code 43604. This is a rare chance to establish a thriving restaurant business in a dynamic and expanding urban core.

Property profile
Verified
Property type Neighborhood centers
Total area 12,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • IDER security Security Service
  • Whiskey Red Saloon Bar & Pub
  • Pre-Paid Legal Services Inc. Independent Associate Law Firm
  • Tiffany M. Muirhead, LPN Physician
  • Merchant Service Partners Toledo Business To Business Service
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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