4311-4319 Heatherdowns Blvd | Toledo, OH 43614
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4311-4319 Heatherdowns Blvd
Toledo, OH 43614
Heatherdowns Key | 100% Occupied · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong History of Occupancy with 78.9% of the GLA Operating at the Site for Nearly 20+ Years
- Average Rent is $8.87, which is Below Market Offering Investors a Long-Term Value Add Opportunity to Increase Rents as Lease Rollover Occurs
- Combined Traffic Counts Exceed 33,000 VPD
- Operating at the site since 1994, The Distillery is a Toledo Mainstay Featuring Live Bands, Trivia Diverse Menu and Craft Beer
- Attractive Lease Features such as Tenant Reimbursement for Management Fee and Capital Improvements if Shown as Depreciation Expense
- Within a 1-Mile Radius there are 28 Apartment Complexes, Totaling Nearly 2,000 Units, Driving Consumers to Heatherdowns-Key
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
19,000 SF
Building Class
C
Year Built/Renovated
1971/2025
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.41 AC
Zoning
CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Parking
82 Spaces (4.32 Spaces per 1,000 SF Leased)
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 21-01501 | Improvements Assessment | $320,460 |
| Land Assessment | $32,690 | Total Assessment | $353,150 |
PROPERTY TAXES
Parcel Number
21-01501
Land Assessment
$32,690
Improvements Assessment
$320,460
Total Assessment
$353,150
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