22 New Towne Square DrToledo, OH 43612

For Lease
$6.54/SF/YR

2.4 Acres, 7,638 SF Building

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 2.4-acre commercial property in Toledo, Ohio, presents a prime redevelopment opportunity. Located at 22 New Towne Square Dr, at the intersection of New Towne Square and Telegraph Rd (near Alexis Rd), this property features a 7,638 square foot, single-story building constructed in 1985, previously used as a casual dining restaurant. The property is zoned CR and boasts 138 parking spaces. The site offers excellent visibility and accessibility, situated adjacent to the newly constructed Toledo Trade Center Industrial Complex, a significant 850,000 square foot development. Property taxes are $0.65 per square foot. The building's Class D designation reflects its potential for renovation or demolition to accommodate a variety of commercial uses. The ample lot size and strategic location make this an ideal site for a new retail development or other commercial ventures. The parcel number is 2243421. An adjacent 1.93-acre parcel, also occupied by a restaurant, may be available for acquisition, expanding the total acreage to 4.33 acres on the hard corner of Telegraph and Alexis Roads. This presents a unique chance to acquire a substantial footprint in a rapidly developing area of Toledo.

Highlights

  • 2.4-acre site ideal for multi-tenant retail development.
  • Multiple acquisition options including ground lease and redevelopment.
  • Existing restaurant/bar with ample parking; land lease and build-to-suit opportunities available.
  • Strong demographics: 57,085 residents within 3 miles, $49,154 average household income.
  • High traffic count: over 33,000 vehicles per day at the intersection.
  • Potential to acquire adjacent 1.93-acre parcel for a total of 4.33 acres of hard corner frontage.

Property Details for 22 New Towne Square Dr

Property type
Other retail properties, Restaurants
RSF (Rentable sq. ft)
7,638 SF
Class
D
Year Built
1985
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
7,638 SF
Rate per SF
$6.54

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.722979597476
Longitude
-83.547385746885
22 New Towne Square Dr, Toledo, Ohio

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22 New Towne Square Dr
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