347 Reynolds Rd Toledo, OH 43615-6953
Property summary
This exceptional commercial investment opportunity presents a 9,050 square foot retail building situated at 347-357 South Reynolds Road in Toledo, Ohio (zip code 43615). Currently housing an auto shop and daycare/nursery, the property boasts 100% occupancy and offers significant upside potential due to below-market rents. The building enjoys excellent visibility with 266 feet of frontage on South Reynolds Road, a major retail corridor experiencing high traffic counts of 16,275 vehicles per day. The strong demographics are further supported by a population of 188,539 within a 5-mile radius. This compelling offering is enhanced by the inclusion of three adjacent vacant residential-zoned land parcels totaling 0.37 acres (120' x 133') on Aubin Drive, presenting additional development possibilities. The asking price for this entire package is $550,000, translating to $60.77 per square foot. This property represents a rare chance to acquire a well-located, multi-tenant retail building with significant growth potential and added land value in a thriving Toledo market.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Alternative Medicine Practice
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Daycare Center
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
10-CR · Toledo, OHZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 10-CR in Toledo, OH.
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