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Property profile & analytics
OFF-MARKET
Drive through restaurants

524 Main St Toledo, OH 43605-2060

2,371 SF 0.11 ac lot Built 1956
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-2111815
Property summary
AI-generated overview

This exceptional commercial property, located at 524 Main Street, Unit 524, in the heart of downtown Toledo, Ohio, presents a unique investment opportunity. Currently configured as a pizza restaurant, this turnkey operation is being offered via online auction with a minimum bid of $139,000. The auction concludes Friday, February 14th at 1 PM. The property boasts a prime Main Street location within a high-traffic area, benefiting from a well-established local customer base. All existing equipment is included in the sale, providing a seamless transition for a new owner. This includes pizza ovens, walk-in coolers, and various fixtures. The building itself features a spacious dining area and a convenient carryout section. The property sits on a 0.11-acre lot and includes a large parking lot, a significant advantage in a busy downtown setting. Its zoning allows for a variety of commercial uses, opening doors to numerous possibilities beyond its current configuration. The property's proximity to the New Glass City Park, The Docks, and other waterfront businesses further enhances its appeal and potential for success. A buyer's premium of 10% applies. An open house is scheduled for February 8th from noon to 2 PM, offering a chance to view this promising property firsthand.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1956
Total area 2,371 SF
Lot 0.11 ac (4,746 SF)
Zoning code 10-CS
APN 17-03027
UPID US66-2111815
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
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
Ajma Properties 1 LLC · 1 yrs held
Ajma Properties 1 LLC
since 2025
Last sale
$134,000
2 recorded transactions
2025
$134,000
2022
Price N/A
Zoning & alternative use
10-CS · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Microsoft Word - TMZC 2024-04-24
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