1716 Perrysburg Holland RdHolland, OH 43528

Property Details for 1716 Perrysburg Holland Rd

Year built

1990

Lot size

2.00 AC

Property size (Sq ft)

37,600 SF

Zone code

19-C1

Property type

Office properties

Property subtype

Office buildings

APN

65-51751

APU

6551751

Description

This exceptional 24,000 square foot traditional office building, known as The Douglas Company Building, presents a unique investment opportunity in Holland, Ohio. Located at 1716 Perrysburg Holland Rd, 43528, this landmark property offers multiple configurations to suit various business needs, making it ideal for owner-occupants seeking income generation or those interested in a sale-leaseback arrangement. The building features perimeter offices throughout, providing ample natural light, along with both perimeter and interior conference rooms for versatile meeting spaces. Multiple entrances and an elevator ensure convenient access for employees and clients. The property's strategic location offers easy access to the US 23/I-475 Airport Hwy Interchange, placing it within minutes of major transportation routes. Situated in Springfield Township, within the JEDZ (Joint Economic Development Zone), this property benefits from a dynamic business environment. Further enhancing its appeal, additional land is available for expansion or future development. The asking price is $2,300,000, translating to $95.83 per square foot. This presents a compelling opportunity to acquire a substantial and well-positioned office building in a thriving Ohio community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,436,666

  6.5%

  $5,941,538

  7%

  $5,517,143

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,517,104

  Geo Method

  $3,517,104

• Alternative Use

  Use

  Valuation

  Residential

  $7,367,508

  Hospitality

  $6,748,598

  Educational

  $5,614,754

  Medical

  $5,807,854

  Retail

  $8,734,061

Location Insight

City

Holland

County

Lucas

State

Ohio

Latitude

41.6098

Longitude

-83.7038

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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