1788 Indian Wood CirMaumee, OH 43537

Property Details for 1788 Indian Wood Cir

Year built

2019

Lot size

3.54 AC

Property size (Sq ft)

49,244 SF

Zone code

16-CM

Property type

Hospitality properties

Property subtype

Hotels

APN

35-00434

APU

3500434

Description

This exceptional one-acre commercial land parcel presents a unique investment opportunity in Maumee, Ohio. Located at 1788 Indian Wood Circle, this property is zoned C-M Commercial Industrial, offering flexibility for a variety of commercial uses. The lot size is approximately one acre, providing ample space for development. The property's strategic location directly adjoins the currently under-construction Woodspring Suites Hotel, ensuring high visibility and convenient access for potential businesses. This prime location offers significant advantages for businesses seeking exposure to high traffic areas. The property is offered with a long-term NNN land lease or a build-to-suit lease option, providing flexibility to suit individual business needs and development plans. The Lucas County location and the 43537 zip code offer easy access to major transportation routes and amenities. The APN for this property is 3500434. This is a single-tenant property, ideal for businesses seeking a dedicated space. This presents a rare chance to secure a prominent location in a thriving area, making it an attractive proposition for investors and developers alike. The property's adjacency to a new hotel further enhances its appeal and potential for future growth. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $9,575,051

  6.5%

  $8,838,509

  7%

  $8,207,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,824,767

  Geo Method

  $10,824,767

• Alternative Use

  Use

  Valuation

  Residential

  $9,649,084

  Hospitality

  $8,838,509

  Educational

  $7,353,536

  Medical

  $7,606,435

  Retail

  $11,438,833

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5839

Longitude

-83.6885

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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