1707-1717 Monroe StToledo, OH 43604
- Retail properties
- 14,970 SF
Property Details for 1707-1717 Monroe St
- Lot size
- 0.54 AC
- Property size (Sq ft)
- 14,970 SF
- Property type
- Retail properties
- Property subtype
- Other warehouses
Description
This exceptional 14,970 square foot property, located at 1707-1717 Monroe Street in Toledo, Ohio, presents a compelling investment opportunity. The single-tenant building, encompassing both executive office and warehouse space, sits on a 0.54-acre lot and boasts 20 parking spaces. A recent renovation in 2019 enhances its appeal. Currently operating as a doggie daycare and boarding facility, the tenant recently renewed their lease, commencing November 1, 2024. The property features high visibility on Monroe Street and enjoys excellent accessibility due to its proximity to I-75 North/South interchanges. The building is zoned Regional Commercial-CR. Financial highlights include a strong net operating income (NOI) of $57,537 and an attractive 8.75% capitalization rate. The asking price is $650,000, translating to $43.42 per square foot. This property offers a blend of stable income and significant upside potential in a desirable Toledo location. The property's APN is 000046 & 1023504.
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.6542
- Longitude
- -83.5491
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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