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Property profile & analytics
FOR SALE
Car washes

626 N Reynolds Rd Toledo, OH 43615

0.11 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US66-1064777
Property summary
AI-generated overview

This exceptional retail property, located at 626 N. Reynolds Road in Toledo, Ohio, presents a unique investment opportunity. The 5,353 square foot building sits on a 0.119-acre lot and is zoned 10 CR. Built in 1972, the single-story structure currently operates as a manual car wash with five wash bays, having served the community since 1975. The asking price is $325,000, translating to $60.71 per square foot. Its prime location on busy N. Reynolds Road ensures high visibility and consistent traffic flow. The property's versatile zoning and existing infrastructure offer significant potential for conversion into various other commercial businesses, making it an attractive option for both established entrepreneurs and investors seeking a strong return. The property's APN is 2060164, -67, -71, -74. This is a rare chance to acquire a well-established business in a thriving Toledo location. The property's history and current operation provide a solid foundation for future success, regardless of the chosen business model. This presents a compelling opportunity for a savvy investor to capitalize on a proven location and adapt it to meet evolving market demands.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Lot 0.11 ac (4,607 SF)
Zoning code 10-CR
APN 20-60164
UPID US66-1064777
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
First National Bank Of America · 1 yrs held
First National Bank Of America
since 2024
Last sale
$143,500
7 recorded transactions
2024
$143,500
2022
$325,000
2018
$46,200
2011
$660,000
2010
$677,400
2008
Price N/A
2005
$476,600
Zoning & alternative use
10-CR · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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