3311 Secor Rd, Toledo, OH 43606-1518
This exceptional 61,340 square foot retail space presents a unique redevelopment opportunity in Lucas County. Located at the southeast corner of Center Avenue and Secor Road, this property boasts a prime location within a thriving trade area encompassing over 250,000 residents and drawing from multiple surrounding counties. Previously occupied by an Elder-Beerman department store, this single-tenant building is currently vacant and ready for immediate redevelopment. Construction is planned for 2019. The property is zoned CR Regional, offering flexibility for a variety of retail or restaurant uses. Its strategic location benefits from the proximity to the University of Toledo, with its substantial student population of 18,000 undergraduates and 4,200 graduate students situated just south of the shopping center. This presents a significant opportunity to tap into a large and diverse consumer base. The sheer size of the building offers considerable potential for a flagship store or a multi-faceted retail development. This is an unparalleled chance to establish a prominent presence in a high-traffic area with strong demographics and significant growth potential. Inquire today to learn more about this exciting redevelopment project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
10-CR · Toledo, OHToledo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.