6545 Central AveToledo, OH 43617

Property Details for 6545 Central Ave

Year built

1988

Lot size

2.19 AC

Property size (Sq ft)

26,208 SF

Zone code

20-MX

Property type

Office buildings

APN

78-58942

APU

7858942

Description

This exceptional two-story, Class B office building, totaling 26,439 square feet, offers multiple tenancy options. Two suites are currently available, ranging from 1,482 to 1,754 square feet, perfect for businesses seeking flexible and affordable space. Built in 1988, the property sits on 2.46 acres and boasts 102 parking spaces, along with ADA-compliant elevators. The building enjoys a highly visible location on Central Avenue, with 35,594 vehicles passing daily (2017 data), and benefits from a favorable Sylvania Township tax structure. Convenient access to I-475/SR 23 Interchange is within an eighth of a mile. Tenants can benefit from a tenant improvement allowance or utilize turnkey construction services provided through the landlord's network of contractors, engineers, and architects. The property offers a secure environment and is situated in a park-like setting, enhancing employee experience. Its strategic location provides easy access to downtown Toledo (10 minutes), Sylvania (5 minutes), Maumee (8 minutes), the 80/90 Turnpike, Levis Commons (10 minutes), Ann Arbor (40 minutes), and Detroit (45 minutes). Nearby amenities include convenient shopping, restaurants, and TARTA bus service. The property is zoned C-2 and has APN numbers 78-58941 and 78-58942.

• CAP approach

  CAP return

  Valuation

  6%

  $4,486,494

  6.5%

  $4,141,379

  7%

  $3,845,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,451,496

  Geo Method

  $2,451,496

• Alternative Use

  Use

  Valuation

  Residential

  $5,135,310

  Hospitality

  $4,703,916

  Educational

  $3,913,603

  Medical

  $4,048,198

  Retail

  $6,087,826

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6746

Longitude

-83.6995

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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