Toledo Talk

Commercial Property Values

I was reading the Development News (Toledo Business Journal) listings of property sales today and to my amazement - The strip mall where Kazmaiers used to be, on the corner of Garden/Heatherdowns and Perrysburg Holland sold for $595,000. In 2003 it sold for $1,900,000.

Just shocked me a little. High traffic corner.

created by Molsonator on Feb 16, 2014 at 03:29:43 pm     Comments: 2

source      versions

Comments ... #

Lost its anchor which killed a lot of value. Marginal business area. That massive/weird intersection makes that corner frustrating at best and maddening at worst.

posted by slowsol on Feb 16, 2014 at 03:57:24 pm     #  

Agreed slowsol. The narrowing of lanes right where the entrance is has caused many accidents.

posted by Molsonator on Feb 16, 2014 at 04:13:22 pm     #