5625 Enterprise BlvdToledo, OH 43612

Property Details for 5625 Enterprise Blvd

Year built

1968

Lot size

2.80 AC

Property size (Sq ft)

17,644 SF

Zone code

10-IG

Property type

Retail properties

Property subtype

Retail space

APN

23-27491

APU

2327491

Description

This exceptional Class A office building, located at 5625 Enterprise Boulevard in Toledo, Ohio, presents a fantastic leasing opportunity. The single-story, 17,644 square foot building, constructed in 1968 and renovated in 1982, sits on a generous 2.82-acre lot. Currently, 2,000 square feet of office space is immediately available for lease within this multi-tenant building. The property boasts four loading docks and four drive-in bays, catering to efficient logistics. While there are no elevators, the single-story design ensures easy accessibility. Ample shared parking is available for tenants and their clients. The building is zoned for General Industrial use, offering flexibility for a variety of businesses. Its strategic location just south of Alexis Road, a major Toledo thoroughfare with numerous retail and restaurant options, provides excellent visibility and convenience. Furthermore, the property enjoys proximity to the I-75 interchange, only one mile west, ensuring easy access to major transportation routes. The Lucas County property (APN 2327491) offers a blend of functionality and prime location, making it an ideal choice for businesses seeking a well-maintained and conveniently situated office space in Toledo. The zip code is 43612.

• CAP approach

  CAP return

  Valuation

  6%

  $4,440,047

  6.5%

  $4,098,505

  7%

  $3,805,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,159,058

  Geo Method

  $4,159,058

• Alternative Use

  Use

  Valuation

  Residential

  $3,457,242

  Hospitality

  $3,166,815

  Educational

  $2,634,753

  Medical

  $2,725,366

  Retail

  $4,098,505

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.72

Longitude

-83.5207

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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