3131 Executive PkwyToledo, OH 43606

Property Details for 3131 Executive Pkwy

Year built

1975

Lot size

1.15 AC

Property size (Sq ft)

6,126 SF

Zone code

10-CO

Property type

Retail properties

Property subtype

Banks

APN

23-68904

APU

2368904

Description

This exceptional office building, located at 3131 Executive Parkway in Toledo, Ohio, offers a variety of professionally maintained suites for lease. The property boasts a total of 34,344 square feet situated on 1.75 acres of land in the desirable Westgate area. Multiple configurations are available, ranging from 590 square feet to a maximum of 5,349 square feet, providing flexibility for businesses of various sizes. The building underwent renovations in 2010, ensuring modern amenities and a well-maintained environment. Its convenient location offers excellent exposure and prominent signage along Executive Parkway, enhancing visibility and brand recognition. The property benefits from its proximity to major transportation arteries, being less than a mile from an expressway interchange, ensuring easy access for employees and clients. This is a fantastic opportunity for businesses seeking a high-profile location in a thriving commercial area. The building is classified as a traditional office space and features multiple tenancies. The property's address is 3131 Executive Pkwy, Toledo, OH 43606, within Lucas County. This prime location offers businesses the ideal blend of accessibility, visibility, and modern office space. The building's updated features and strategic location make it an attractive option for companies seeking to establish or expand their presence in Toledo.

• CAP approach

  CAP return

  Valuation

  6%

  $1,541,585

  6.5%

  $1,423,002

  7%

  $1,321,359

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,444,026

  Geo Method

  $1,444,026

• Alternative Use

  Use

  Valuation

  Residential

  $1,200,355

  Hospitality

  $1,099,519

  Educational

  $914,787

  Medical

  $946,248

  Retail

  $1,423,002

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6778

Longitude

-83.6296

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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