2101 Dorr StToledo, OH 43607

Property Details for 2101 Dorr St

Year built

1930

Lot size

0.07 AC

Property size (Sq ft)

2,849 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

11-23151

APU

1123151

Description

This exceptional four-unit brick building located at 2101 Dorr Street, Unit 2101, Toledo, OH presents a lucrative investment opportunity. Situated on a sizable 0.07-acre corner lot, this well-maintained property boasts updated and meticulously maintained major systems, ensuring worry-free ownership. The building comprises four units: a spacious 1100 square foot unit facing Dorr Street, and three additional units of approximately 500, 625, and 625 square feet respectively, all facing Woodstock Street. The property's versatile layout and prime location offer a wide range of potential uses. Its previous occupants included a beauty supply store, barbershop, and convenience store, demonstrating its adaptability to various commercial ventures. Considerable potential exists for diverse businesses, including but not limited to daycare centers, lodges, postal services, religious assemblies, smoke shops, business assistance sales and service, financial services, repair services, retail establishments, wireless telecommunications providers, drug and alcohol treatment centers, taverns, bookstores, manufacturing and production facilities, and wholesale operations. The asking price is $159,900. This property represents a compelling investment opportunity with significant upside potential for savvy investors seeking a strong return on investment in a desirable Toledo location.

• CAP approach

  CAP return

  Valuation

  6%

  $716,940

  6.5%

  $661,791

  7%

  $614,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $671,569

  Geo Method

  $671,569

• Alternative Use

  Use

  Valuation

  Residential

  $558,245

  Hospitality

  $511,350

  Educational

  $425,437

  Medical

  $440,068

  Retail

  $661,791

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6526

Longitude

-83.5927

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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