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Property profile & analytics
OFF-MARKET
Strip malls

1256 Broadway St Toledo, OH 43609-2808

11,860 SF 0.72 ac lot Built 1987
Individually Owned 2-yr Hold Free & Clear
Property ID
US66-2062104
Property summary
AI-generated overview

Heritage South Plaza, located at 1256 Broadway Street in Toledo, Ohio (43609), presents a compelling retail investment opportunity. This single-story, 11,860 square foot strip center, built in 1987, sits on a 0.72-acre lot and offers ample parking with 36 spaces. Currently, there are multiple units available, ranging from a minimum of 1,419 square feet to a maximum contiguous space of 2,640 square feet. A total of 4,059 square feet is currently vacant, providing flexibility for various retail concepts. The property is zoned CS - Commercial Service and is conveniently located near Western Avenue in Toledo's South/Southwest submarket. The property's APN is 02-21251, and it's situated in Lucas County. This well-positioned center offers excellent visibility and accessibility, making it an ideal location for businesses seeking a strong presence in a thriving commercial area. The property's single-story design and ample parking provide convenience for both tenants and customers. This is a rare opportunity to secure retail space in a desirable Toledo location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Total area 11,860 SF
Lot 0.72 ac (31,209 SF)
Zoning code 10-CS
APN 02-21251
UPID US66-2062104
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
  • 5 star mini market llc Grocery & Convenience Store Food Market
  • Stop & Go Grocery & Convenience Store
  • Athena Bitcoin ATM Crypto Atm Atm
  • Bitcoin of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Historic South Initiative · 2 yrs held
Historic South Initiative
since 2024
Last sale
$425,000
4 recorded transactions
2024
$425,000
2024
Price N/A
2019
Price N/A
2007
$495,000
Zoning & alternative use
10-CS · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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