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Property profile & analytics
OFF-MARKET Estimated value $2,755,000
Strip malls

1515 Byrne Rd Toledo, OH 43614-3458

39,578 SF 4.45 ac lot Built 1988
Individually Owned 19-yr Hold Free & Clear
Property ID
US66-6058550
Property summary
AI-generated overview

This exceptional 1,400 square foot retail space is available for lease within the 39,578 square foot Foundation Park Plaza, a well-established neighborhood shopping center in South Toledo. Located at the highly visible, signalized intersection of Byrne and Glendale Avenues, this property boasts excellent signage opportunities and high traffic counts. S. Byrne Road sees 19,756 vehicles per day, and Glendale Avenue sees 17,416. The center features a strong tenant mix including popular businesses such as Biggby Coffee, Little Caesar's, and a variety of other service and retail establishments. The building itself is a single-story, Class B structure built in 1988, offering 197 parking spaces and two convenient curb cuts for easy access. Recent improvements include new awnings and fresh exterior paint, enhancing the overall appeal. The property sits on a 4.45-acre lot and is zoned 10CR-Regional Commercial. The space is part of a 14-suite building with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 1,400 square feet. The Lucas County location provides easy access to major retail and shopping areas in South Toledo. This is a fantastic opportunity for a business seeking high visibility and a strong location within a thriving retail center. The property's APN is 0560701.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1988
Total area 39,578 SF
Lot 4.45 ac (193,973 SF)
Zoning code 10-CR
APN 05-60701
UPID US66-6058550
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
  • Vape Station (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Foundation Chiropractic Clinic Alternative Medicine Practice
  • Hot Nails Nail Salon
  • Doc Watson's Bar & Pub Restaurant
  • Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.85M
Blend (final) Blend
$2.76M
Owner & transaction history
Foundation Park Shopping Cente · 19 yrs held
Foundation Park Shopping Cente
since 2007
3 recorded transactions
2007
Price N/A
2003
$4.0M
1969
Price N/A
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
Top alternative use upside
Medical building $2.9M +5.0%
Auto repair, garage $2.9M +2.3%
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