626 N Reynolds Rd Toledo, OH 43615
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.
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.