M&ARetail

Beauty Salon — Turnkey, Income Producing

1651 Hess Rd, Toledo, OH 43615
$300,000
Sale Price
Beauty Salon — Turnkey, Income Producing
Building Size
3,296 SF
Lot Size
0.62 Acres
Year Built
1922
Zoning
CR
Price
$300,000

Property Description

Originally constructed in 1922 and purpose-configured for personal service use, 1651 Hess Road presents a 3,296-square-foot main-floor salon with eight active booth stations—six hair and two nail—supported by dual shampoo bowl stations, dedicated product shelving, hardwood-style LVP flooring, and a modern suspended ceiling with recessed lighting. The interior reflects a clean, contemporary aesthetic: a leather waiting area with natural light, styled styling stations with full-length mirrors, and a branded neon feature wall consistent with an active, professionally operated business. The building sits on a 0.62-acre parcel with surface parking well above standard personal-service ratios. A second-floor space with vaulted ceilings and a chandelier fixture is included in the sale, requiring approximately $25,000 in buildout to become rentable. Two additional suites in the adjacent building convey as well. Commercial Retail (CR) zoning supports the current use and a broad range of alternative personal service, office, and specialty retail configurations.

Investment Highlights

9.83% cap rate on current in-place income at $300,000
Proforma NOI of $52,844 as booths reach full-time occupancy
Eight active stations; all salon infrastructure conveys with sale
Second-floor space and adjacent suites included—not in proforma
Priced at ~$91/SF, well below personal-service retail replacement cost
CR zoning permits personal service, office, and specialty retail uses
71,000+ residents within 3 miles; 61.3% owner-occupied households
Booth rental structure limits landlord obligations; tenants supply clientele

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With
Sean Siwa
Key Realty
This offering is subject to prior sale, withdrawal, or modification without notice. All materials are provided for informational purposes only.