7117 Central Ave, Toledo, OH 43617
- Strip malls
- 15,340 SF
- 2.05 lot acres
Current Use by Public Records
- Strip malls
Property Details for 7117 Central Ave
- Year built
- 1999
- Lot size
- 2.05 lot acres
- Zone code
- 20-C2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 79-20171
- APU
- 7920171
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 22, 2013 | — | Shamir Ltd | — | Deed Of Trust · related | $1.5M · Metamora State Bank |
| — | — | Shamir Ltd | — | Deed Of Trust · related | $869k · State Bank & Trust |
Description
This well-maintained 15,124 square foot strip center in Lucas County offers a 2,850 square foot retail space for lease. The property boasts a strong tenant mix, including Panera Bread, State Farm Insurance, Edward Jones, The Exercise Coach, Vine 2 Wine, and Lynette D. Jones Esthetics. The available space is ideal for a variety of uses, such as a spa, hair salon, yoga studio, or physical therapy clinic. Its large, open layout offers flexibility for various configurations. Located on West Central Avenue, just west of McCord Road, this highly visible location benefits from significant daily traffic of 31,000 vehicles. Its strategic position across from Lowe's and Meijer ensures excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with an average household income of $121,499 and a population of 7,353 within a one-mile radius. The proximity to the St. James Woods residential neighborhood further enhances the property's appeal. This is a rare opportunity to secure a retail space in a thriving commercial corridor with exceptional visibility and strong tenant occupancy. The property is part of a multiple-tenancy building.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,621,000
- AI Estimate
- $982,000
Market price range: $441k - $1.62MMarket price range: $307k - $1.02M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,080,000 Current use
- MEDICAL BUILDING
- $1,135,000 Change: +5% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,105,000 Change: +2% Conversion: Difficult
- RETAIL STORES
- $995,000 Change: -8% Conversion: Easy
- OFFICE BUILDING
- $970,000 Change: -10% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $935,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.7133
- Latitude
- 41.673
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
