2903 Dorr StToledo, OH 43607

Property Details for 2903 Dorr St

Year built

2007

Lot size

1.82 AC

Property size (Sq ft)

13,806 SF

Zone code

10-MX

Property type

Retail properties

Property subtype

Strip malls

APN

20-54311

APU

2054311

Description

This professionally maintained retail center, known as Rocket Center, offers exceptional opportunities for businesses seeking high visibility and foot traffic. Located at 2903 Dorr St, Toledo, OH 43607, this property boasts a total of 14,092 square feet and currently has two available retail spaces. The spaces range in size from 912 square feet to 2,201 square feet, with the possibility of combining suites B-1 and B-2 for a larger footprint. The center benefits from its strategic location directly across from the University of Toledo's main campus, home to approximately 23,000 students, ensuring a consistent flow of potential customers. High traffic counts further enhance the property's appeal, with 18,411 vehicles passing daily on Dorr Street and 12,750 vehicles on Douglas Road. Ample parking is available on-site, with approximately 95 spaces to accommodate customers and employees. This multi-tenant retail storefront presents a compelling investment opportunity in a vibrant and densely populated area. The property is situated in Lucas County, Ohio, providing easy access to a large consumer base. This is an ideal location for businesses seeking to capitalize on the significant student population and high traffic volume in this established commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,474,228

  6.5%

  $3,206,980

  7%

  $2,977,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,254,361

  Geo Method

  $3,254,361

• Alternative Use

  Use

  Valuation

  Residential

  $2,705,208

  Hospitality

  $2,477,956

  Educational

  $2,061,630

  Medical

  $2,132,533

  Retail

  $3,206,980

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6524

Longitude

-83.6126

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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