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2124 W Alexis Rd
Toledo, OH 43613
Retail Property For Sale
Investment Highlights
- Former Wendy’s building with dine-in and drive-thru configuration for QSR operators
- 100-person seating capacity, plus large paved parking lot with multiple curb cuts
- Equipped with walk-in cooler, walk-in freezer, and vent hoods to minimize build-out costs
- Situated near a major redevelopment initiative bringing significant economic activity
Executive Summary
Dual Drive-Thru Restaurant Building | 2,423 SF | 1.2 Acres | Toledo's Alexis Rd Corridor
A rare chance to own a fully equipped, freestanding restaurant building with dual drive-thru windows in one of Toledo's highest-traffic retail corridors — priced well below replacement cost at $249,997.
This 2,423 SF building sits on 1.2 acres along W. Alexis Rd with 28,885 vehicles passing daily, 127 ft of prime road frontage, and two curb cuts for seamless drive-thru access. Built in 1975 and renovated in 2018, the building features 600-amp power, 2 RTUs, a commercial kitchen with walk-in cooler, walk-in freezer, and 3 vent hoods — all in place and ready for a new operator.
The interior offers a spacious 100-person dining area, 2 ADA-compliant renovated restrooms, ample paved parking, and excellent pylon and fascia signage visibility from the street.
Regional Commercial (10-CR) zoning allows for a wide variety of food service, retail, or service uses. The Alexis Rd corridor is surrounded by national tenants including Home Depot, Target, Kroger, Lowe's, Taco Bell, and Dollar General. The property also sits adjacent to the Toledo Trade Center — a major redevelopment bringing 850,000+ SF of industrial space and significant new job and consumer growth to the immediate trade area.
Ideal for an owner-operator looking to launch or expand a QSR, fast-casual, or specialty food concept, or an investor seeking a value-add asset in a high-visibility, high-traffic location.
A rare chance to own a fully equipped, freestanding restaurant building with dual drive-thru windows in one of Toledo's highest-traffic retail corridors — priced well below replacement cost at $249,997.
This 2,423 SF building sits on 1.2 acres along W. Alexis Rd with 28,885 vehicles passing daily, 127 ft of prime road frontage, and two curb cuts for seamless drive-thru access. Built in 1975 and renovated in 2018, the building features 600-amp power, 2 RTUs, a commercial kitchen with walk-in cooler, walk-in freezer, and 3 vent hoods — all in place and ready for a new operator.
The interior offers a spacious 100-person dining area, 2 ADA-compliant renovated restrooms, ample paved parking, and excellent pylon and fascia signage visibility from the street.
Regional Commercial (10-CR) zoning allows for a wide variety of food service, retail, or service uses. The Alexis Rd corridor is surrounded by national tenants including Home Depot, Target, Kroger, Lowe's, Taco Bell, and Dollar General. The property also sits adjacent to the Toledo Trade Center — a major redevelopment bringing 850,000+ SF of industrial space and significant new job and consumer growth to the immediate trade area.
Ideal for an owner-operator looking to launch or expand a QSR, fast-casual, or specialty food concept, or an investor seeking a value-add asset in a high-visibility, high-traffic location.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
2,423 SF
Building Class
C
Year Built/Renovated
1975/2018
Price
$249,997
Price Per SF
$103.18
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.20 AC
Zoning
CR - Regional Commercial
Parking
65 Spaces (26.83 Spaces per 1,000 SF Leased)
Frontage
110’ on Alexis Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 22-02047 | Improvements Assessment | $57,855 |
| Land Assessment | $14,385 | Total Assessment | $72,240 |
Property Taxes
Parcel Number
22-02047
Land Assessment
$14,385
Improvements Assessment
$57,855
Total Assessment
$72,240
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