For Sale
$395,000

5057 Lewis Ave Toledo, OH 43612

20,120 SF Flex Space, Vacant, $395K

Overview

Added:
Dec 11, 2024
Days on market:
137
This 20,120-square-foot vacant flex space at 5057 Lewis Avenue in Toledo, Ohio, presents a compelling redevelopment opportunity. The Class A industrial property, built in 1953, sits on a 1.269-acre lot with four street frontages, offering excellent visibility and accessibility. Currently zoned CR, rezoning to IL is anticipated. The building features an 8-foot ceiling height, 85+ parking spaces, an overhead door with a lift, and prominent pylon and overhead door signage. The property's location near major employers like GM and Stellantis Jeep plants, and proximity to I-75 and northend industrial parks, makes it strategically advantageous. While previously leased to a flea market on a modified gross lease (with a 90-day termination clause), the property is currently vacant, allowing for complete customization to suit a variety of uses. The building is a block structure with a brick façade, and lacks sprinklers, gas blowers, and air conditioning. A TARTA bus stop is conveniently located directly in front of the building on Lewis Avenue. The asking price is $395,000, representing a price per square foot of $24.60. The property's APN is 0981087. This is a NNN lease property.

Highlights

  • 20,120 SF freestanding retail building.
  • Currently zoned CR, with anticipated IL rezoning.
  • Leased to a flea market at $4,000/month, modified gross lease, subject to 90-day termination upon sale.
  • Excellent location near GM and Stellantis Jeep plants, and I-75 northend industrial parks.
  • Features an overhead door with lift.
  • Four-sided access with frontage on four streets.

Property Details for 5057 Lewis Ave

Property type
Industrial properties, Flex space
Square Feet
20,120 SF
Class
A
Year Built
1953
Lot Size (sq. ft)
55,278 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.70867548
Longitude
-83.56610369

FAQs

What type of property is this?
Industrial property - 20,120 SF Flex Space, Vacant, $395K
Where is the industrial property located?
The property is located at 5057 Lewis Ave Toledo, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 20,120 SF freestanding retail building.; Currently zoned CR, with anticipated IL rezoning.; Leased to a flea market at $4,000/month, modified gross lease, subject to 90-day termination upon sale.
How can I contact the broker?
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5057 Lewis Ave
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