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Property profile & analytics
OFF-MARKET
Drive through restaurants

601 Adams St Toledo, OH 43604-1419

2,276 SF 0.25 ac lot Built 1995
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US66-2697335
Property summary
AI-generated overview

This exceptional retail property at 601 Adams Street in Toledo, Ohio, presents a rare investment opportunity. The 2,276 square foot building, constructed in 1995, boasts a prime downtown location and is zoned CD – Downtown Comm. The property includes a convenient drive-thru, a significant advantage for restaurant operations, and ample parking with approximately 20 spaces. Situated on a 0.247-acre lot, the building is a single-story structure offering versatile space suitable for a variety of uses, currently configured as both a convenience store and a restaurant. The property's current tenants operate on a month-to-month lease, providing flexibility for future plans. The asking price is $695,000, and the property operates under a NNN lease structure. The Lucas County location, with its convenient access and high visibility, makes this a highly attractive investment for discerning buyers seeking a strong return in a thriving urban area. The property's APN is 48961 and the zip code is 43604. This is a unique chance to acquire a well-positioned, income-generating property in the heart of Toledo.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1995
Total area 2,276 SF
Lot 0.25 ac (10,719 SF)
Zoning code 10-CD
APN 15-48961
UPID US66-2697335
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
Current use
Occupant on record · Public records
  • Magic Wok Restaurant
  • Jennifer Snack Grocery & Convenience Store
  • Coin Cloud Bitcoin ATM Atm Crypto Atm
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
M W II Properties Ltd · 18 yrs held
M W II Properties Ltd
since 2007
1 recorded transaction
2007
$440,000
Zoning & alternative use
10-CD · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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