5639 Benore Rd Toledo, OH 43612
- Commercial real estate
- 17,603 SF
- 41.59 lot acres
Current Use by Public Records
- Toledo Speedway / Car Racing Track / Banquet Hall
- Toledo Speedway BMX Course / Bmx Track
- Toledo Speedway Racetrack / Bar / Banquet Hall
Property Details for 5639 Benore Rd
- Year built
- 1960
- Lot size
- 41.59 lot acres
- Property size
- 17,603 SF
- Zone code
- 10-IG
- Property type
- Commercial real estate
- APN
- 22-75654
- APU
- 2275654
Description
This exceptional 10-acre fee simple property presents a unique opportunity for retail development in Toledo, Ohio. Located at 5639 Benore, this Class B site boasts unparalleled visibility and accessibility. Its strategic location directly adjoins the Toledo Speedway, placing it within close proximity to a significant source of traffic and potential customers. Furthermore, the property benefits from its adjacency to established businesses such as the Fairfield Inn, and its direct across-the-street positioning from major retailers including Meijer, Bob Evans, and Menards. This prime location ensures high visibility and convenient access for potential customers. The site's high traffic count of 9,000 vehicles per day on Benore Road, coupled with its proximity to Interstate 75, guarantees significant exposure and accessibility. This makes it an ideal location for a variety of retail developments, capitalizing on the existing high-traffic area and the established presence of successful businesses. The property is classified as both retail and land, offering flexibility for various development plans. The 43612 zip code further underscores the property's strategic location within a thriving commercial area. This 10-acre parcel represents a rare opportunity to acquire a highly visible and accessible development site in a rapidly growing market. Don't miss this chance to secure a prime location for your next retail venture.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,575,000
- 6.5%
- $2,375,000
- 7%
- $2,205,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,310,000
- AI Estimate
- $2,036,000
Market price range: $248k - $2.31MMarket price range: $461k - $2.04M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,780,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5122
- Latitude
- 41.7172
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
