3130 Central ParkToledo, OH 43617

Property Details for 3130 Central Park

Year built

1988

Lot size

3.97 AC

Property size (Sq ft)

20,970 SF

Zone code

20-MX

Property type

Office properties

Property subtype

Office buildings

APN

78-69267

APU

7869267

Description

This exceptional Class A office complex, located in Sylvania Township's desirable West Toledo submarket at 3130 Central Park West Drive, offers a unique opportunity for medical or creative office users. The property boasts a total of 29,090 square feet across three single-story buildings, constructed in 1988 and extensively renovated in 2023. Currently, 8,120 square feet of space is available, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 8,120 square feet. Six suites are available within the complex. Ceiling heights range from 8'6" to 12'0". The property features excellent visibility and signage opportunities along Central Avenue, a major thoroughfare with nearly 40,000 vehicles passing daily. Its convenient location is just a quarter-mile west of the I-475/US 20 Central Avenue exit, providing easy access for employees and clients. The zoning is MX. The property's APN is 78-69267. A significant advantage is the absence of municipal payroll taxes in Sylvania Township. Build-to-suit options are available for new construction from 4,000 to 8,120 square feet, with generous improvement allowances included in long-term leases. One available suite, previously an ophthalmology clinic, offers 3,883 square feet and includes a large waiting area, separate check-in/check-out, a sizable clerical area, seven exam rooms, a conference room, a large break room, two offices, storage, an IT room, and three bathrooms. This property presents a compelling investment opportunity in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,589,811

  6.5%

  $3,313,672

  7%

  $3,076,981

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,961,534

  Geo Method

  $1,961,534

• Alternative Use

  Use

  Valuation

  Residential

  $4,108,953

  Hospitality

  $3,763,779

  Educational

  $3,131,420

  Medical

  $3,239,114

  Retail

  $4,871,098

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6762

Longitude

-83.6999

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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