7340 Central Ave Toledo, OH 43617
- Turn key restaurants
- 7,186 SF
- 2.08 lot acres
Current Use by Public Records
- Si’s X Million's Crab / Seafood Restaurant / Cajun Restaurant
Property Details for 7340 Central Ave
- Year built
- 2002
- Lot size
- 2.08 lot acres
- Property size
- 7,186 SF
- Zone code
- 20-C2
- Property type
- Turn key restaurants
- APN
- 78-33461
- APU
- 7833461
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.7184
- Latitude
- 41.6743
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
