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2402 Aberdeen Ave
Toledo, OH 43614
Retail Property For Sale
Investment Highlights
- Corner location with dual curb cuts for easy ingress and egress
- Close to major retailers, medical facilities, and arterial roadways including I-25
- Established income with opportunity for owner-occupancy or investment repositioning
- Approximately 195 feet of frontage and strong traffic visibility
Executive Summary
This retail investment property offers a fully leased, multi-tenant building positioned on Aberdeen Avenue in South Toledo. Spanning 2,296 square feet, the asset includes two suites with established tenants—Signature Salon and Lily Pads—which provide steady income potential. The property sits on a 0.12-acre lot and features a freestanding concrete block building with modern finishes, ample storefront exposure, and prominent fascia signage.
Located just a quarter mile from a Kroger supermarket and close to The University of Toledo Medical Center, this property enjoys strong neighborhood connectivity and traffic counts exceeding 13,000 VPD on Detroit Avenue and over 18,000 VPD on Glendale Avenue. With on-site paved parking for ten vehicles and convenient curb cuts on both Detroit Avenue and Aberdeen Avenue, the site is easily accessible and well-suited for continued retail use.
The investment presents an attractive offering with projected 2026 rental income of $20,700 and a net operating income of approximately $14,356. Regional Commercial zoning enhances long-term adaptability for various retail-oriented uses.
Located just a quarter mile from a Kroger supermarket and close to The University of Toledo Medical Center, this property enjoys strong neighborhood connectivity and traffic counts exceeding 13,000 VPD on Detroit Avenue and over 18,000 VPD on Glendale Avenue. With on-site paved parking for ten vehicles and convenient curb cuts on both Detroit Avenue and Aberdeen Avenue, the site is easily accessible and well-suited for continued retail use.
The investment presents an attractive offering with projected 2026 rental income of $20,700 and a net operating income of approximately $14,356. Regional Commercial zoning enhances long-term adaptability for various retail-oriented uses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1957/2011
Price
$195,000
Price Per SF
$97.50
Cap Rate
7.36%
NOI
$14,356
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.18 AC
Zoning
10-CR
Parking
10 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 06-05327 | Improvements Assessment | $26,530 |
| Land Assessment | $3,255 | Total Assessment | $29,785 |
Property Taxes
Parcel Number
06-05327
Land Assessment
$3,255
Improvements Assessment
$26,530
Total Assessment
$29,785
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