2203 River RdMaumee, OH 43537

Property Details for 2203 River Rd

Year built

1999

Lot size

0.11 AC

Property size (Sq ft)

5,160 SF

Zone code

16-C1

Property type

Office properties

Property subtype

Office buildings

APN

36-20931

APU

3620931

Description

This meticulously maintained, two-story executive office building in Maumee, Ohio, offers 5,160 square feet of well-appointed space. The impressive vaulted entryway leads to a functional layout including a large lobby/reception area, fifteen perimeter offices, a conference room, and a kitchen. Recent updates include new carpet, paint, lighting, LVT flooring, and LED lighting, along with a new rear exit door. Operable windows provide ample natural light. The property sits on a 0.36-acre lot and includes 24 parking spaces. Its convenient location offers easy access to downtown Toledo (7 minutes), major thoroughfares (5 minutes), and key highways: I-75 (5.19 miles), US-23/I-475 (3.79 miles), and I-80/90 (3.13 miles). The property features an irrigation system along the rear boundary. The building is zoned C-1. Furniture is available for separate purchase. This is an exceptional opportunity to acquire a turnkey executive office building in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $883,330

  6.5%

  $815,381

  7%

  $757,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,666

  Geo Method

  $482,666

• Alternative Use

  Use

  Valuation

  Residential

  $1,011,073

  Hospitality

  $926,137

  Educational

  $770,535

  Medical

  $797,035

  Retail

  $1,198,610

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5753

Longitude

-83.6242

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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