3838 Airport Hwy, Toledo, OH 43615-7106
This well-established, full-service funeral home, operating since 1979, presents a unique investment opportunity in Toledo, Ohio. The property encompasses 10,756 square feet situated on a generous 2.90-acre lot, providing ample parking for over 100 vehicles. Included in the sale is an adjacent 0.89-acre vacant lot (Parcel #20-02058) located at the northeast corner of the property, offering significant expansion or redevelopment potential. The main building features a 1,500 square foot, three-bedroom, two-bathroom apartment on the second floor. The property's prime location offers convenient access to major transportation arteries, including proximity to the University of Toledo Medical College (approximately one mile), I-475 (three miles), and the Ohio Turnpike 80/90 (four miles). Given its size and location, the property presents diverse redevelopment possibilities, including but not limited to: storage facilities, fitness centers, religious assembly spaces, event venues (weddings, etc.), or adult daycare centers. The asking price is $495,000, translating to $46.02 per square foot. This represents a compelling opportunity for investors seeking a versatile property with strong potential for future growth and diverse income streams. The property is located at 3838 Airport Hwy, Toledo, OH 43615.
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.