4334 Central AveToledo, OH 43615

Property Details for 4334 Central Ave

Year built

1954

Lot size

0.68 AC

Property size (Sq ft)

34,944 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Retail space

APN

24-10504

APU

2410504

Description

Located at 4334 Central Ave in Toledo, Ohio (zip code 43615), Ottawa Hills Place offers a unique blend of retail and office space in a prime location within Toledo's most affluent neighborhood. This two-story building totals 18,151 square feet and presents a flexible leasing opportunity for businesses seeking spaces ranging from 1,200 to 8,800 contiguous square feet. The ground floor currently houses a mix of complementary retail businesses, benefiting from its strategic proximity to, yet distinct positioning from, major shopping centers like Franklin Park Mall and Westgate Village Shopping Center. This creates a synergistic environment ideal for businesses seeking high foot traffic and a strong local customer base. The second floor is entirely occupied by executive office suites, offering a highly sought-after alternative to traditional downtown or suburban office locations. The property's diverse tenant mix caters to a variety of business types, including executive offices, boutique retail, in-line retail, service retail, specialty retail, entertainment, restaurants, coffee shops, fashion, and apparel businesses. This exceptional property provides an unparalleled opportunity to establish a presence in a thriving and affluent community. Contact us today to learn more about available spaces and leasing options. Minimum leasable space is 1,200 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $8,793,527

  6.5%

  $8,117,102

  7%

  $7,537,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,237,028

  Geo Method

  $8,237,028

• Alternative Use

  Use

  Valuation

  Residential

  $6,847,080

  Hospitality

  $6,271,888

  Educational

  $5,218,137

  Medical

  $5,397,597

  Retail

  $8,117,102

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6773

Longitude

-83.6452

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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