Description

A rare opportunity is being offered to acquire a fee-simple gas station and retail property located within one of Toledo’s most established and heavily traveled commercial corridors. Designed as a purpose-built fuel and convenience retail facility, the property provides an ideal opportunity for an owner-operator seeking immediate operational control or an investor pursuing a value-add leasing opportunity. Delivered vacant at closing, the sale includes the land, a 4,644-square-foot convenience store, a 782-square-foot automatic car wash building, the fuel canopy, underground storage tanks, and all permanently affixed fixtures. The site is equipped with four fiberglass reinforced plastic underground storage tanks installed in 2006 that support gasoline, diesel, and kerosene operations. Positioned along Monroe Street, the property benefits from strong visibility and consistent traffic generated by surrounding residential neighborhoods, nearby apartment communities, and proximity to local schools, creating a stable recurring customer base. The offering also presents multiple revenue opportunities, including additional projected rental income from a supplemental tenant or pad-use component on-site. From a tax perspective, the fuel-related improvements may qualify for accelerated depreciation benefits, potentially enhancing after-tax cash flow through a cost segregation strategy. Offered at an asking price of $1,350,000, or approximately $249 per square foot, the property is projected to generate a pro forma NOI of approximately $89,594 annually based on market-rate lease assumptions or equivalent owner-user performance. With fee-simple ownership, modern fuel infrastructure, an on-site car wash, and strong commuter exposure, the asset is well positioned for owner-operators, value-add investors, or buyers completing a 1031 exchange.