1938 Airport HwyToledo, OH 43609

Property Details for 1938 Airport Hwy

Year built

1929

Lot size

0.11 AC

Property size (Sq ft)

3,602 SF

Zone code

10-CR

Property type

Retail space

APN

05-15244

APU

515244

Description

This exceptional commercial property, situated at 1938 Airport Highway Unit 1938 in Toledo, Ohio, presents a compelling investment opportunity. Boasting a prime corner location within a high-traffic area, this 3,602 square foot building offers unparalleled versatility. Ideal for a wide range of businesses, from retail establishments to offices, the space is ready for immediate occupancy. The property includes two convenient bathrooms, a functional kitchen, and a large overhead door, facilitating efficient loading and unloading of goods. A significant advantage is the inclusion of a private parking lot located at the rear of the building, providing ample and secure parking for employees and customers. The 0.11-acre lot ensures sufficient space for operations and potential future expansion. This property's strategic location and functional design make it an attractive proposition for businesses seeking a prominent presence in a thriving commercial area. The asking price is $119,900. Don't miss this chance to secure a valuable asset in a high-demand location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $906,430

  6.5%

  $836,704

  7%

  $776,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,066

  Geo Method

  $849,066

• Alternative Use

  Use

  Valuation

  Residential

  $705,792

  Hospitality

  $646,501

  Educational

  $537,881

  Medical

  $556,380

  Retail

  $836,704

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6332

Longitude

-83.5916

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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