3661 Briarfield BlvdMaumee, OH 43537

Property Details for 3661 Briarfield Blvd

Year built

1999

Lot size

2.35 AC

Property size (Sq ft)

24,030 SF

Zone code

17-M1

Property type

Retail properties

Property subtype

Strip malls

APN

38-86075

APU

3886075

Description

The Briarfield Business Center offers a prime retail opportunity within a thriving commercial area. This multi-tenant strip center boasts nearly 24,000 square feet of space, with 5,120 square feet currently available for lease. The building features a modern steel construction with a Class A image, 16-foot clear ceiling heights in the warehouse area, and concrete flooring. A significant advantage is the excellent visibility from I-475, a major expressway, and strong frontage on Briarfield Boulevard, allowing for prominent signage. Traffic counts are substantial, with 66,037 vehicles daily on I-475 and 9,414 vehicles daily on Briarfield Boulevard. The property is further enhanced by the presence of sprinklers throughout the building. The zoning is M-1. For businesses requiring expansion, an adjacent 2.5-acre site is available for build-to-suit opportunities. A new interchange is currently under construction at Route 20A and I-475, promising even greater accessibility and increased traffic flow in the near future. This location presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation arteries.

• CAP approach

  CAP return

  Valuation

  6%

  $6,047,060

  6.5%

  $5,581,902

  7%

  $5,183,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,664,371

  Geo Method

  $5,664,371

• Alternative Use

  Use

  Valuation

  Residential

  $4,708,542

  Hospitality

  $4,313,000

  Educational

  $3,588,365

  Medical

  $3,711,774

  Retail

  $5,581,902

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5735

Longitude

-83.6943

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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