5550 Central AveToledo, OH 43615

Property Details for 5550 Central Ave

Year built

1967

Lot size

0.94 AC

Property size (Sq ft)

11,496 SF

Zone code

20-C2

Property type

Office properties

Property subtype

Office buildings

APN

78-69194

APU

7869194

Description

This exceptional 1,970 square foot executive office space is available for lease at 5550 W. Central Avenue in Toledo, Ohio. Located in a single-story building constructed in 1967, this property offers a convenient and functional workspace. The suite boasts ceiling heights ranging from 8 to 9 feet, providing a spacious feel. The building itself totals 11,496 square feet and features multiple tenancies. Ample parking is available with 58 spaces provided for tenants and visitors. The property is zoned C-2, Highway & General Commercial District, within Sylvania Township, Lucas County. The property's convenient location is further enhanced by its proximity to Republic Boulevard. Electrical service is provided by a 200-amp system. The property's address is 5550 Central Ave, Toledo, OH 43615, with the APN numbers 69194 and 30-180-014. This is an excellent opportunity for businesses seeking a well-maintained and conveniently located office space in a thriving commercial area. The available space presents a chance to establish or expand your business in a prime Toledo location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,967,976

  6.5%

  $1,816,594

  7%

  $1,686,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,075,336

  Geo Method

  $1,075,336

• Alternative Use

  Use

  Valuation

  Residential

  $2,252,576

  Hospitality

  $2,063,348

  Educational

  $1,716,681

  Medical

  $1,775,720

  Retail

  $2,670,393

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6771

Longitude

-83.6753

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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