4024 Holland Sylvania RdToledo, OH 43623

Property Details for 4024 Holland Sylvania Rd

Year built

1971

Lot size

2.68 AC

Property size (Sq ft)

21,592 SF

Zone code

20-MX

Property type

Retail properties

Property subtype

Strip malls

APN

78-21277

APU

7821277

Description

This exceptional retail property, located at 4024 N Holland Sylvania Rd in Toledo, Ohio, 43623, presents a fantastic leasing opportunity. The single-story building, constructed in 1971, boasts a total of 20,400 square feet, with 1,200 square feet currently available for lease. Situated on a generous 3.054-acre lot, the property offers ample parking with 60 spaces available for customers and employees. The building is served by Toledo Edison power. Its convenient location on N Holland Sylvania Rd, with cross-street access to Sylvania Avenue, ensures high visibility and accessibility for businesses. The property is zoned for commercial use, making it ideal for a variety of retail ventures. The building does not include elevators. This is a multi-tenant property offering a prime opportunity to establish or expand your business in a thriving Toledo commercial district. The available space is 1,200 square feet, perfect for a smaller retail operation or office space. Don't miss this chance to secure a prominent location in a busy commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $5,433,546

  6.5%

  $5,015,581

  7%

  $4,657,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,089,684

  Geo Method

  $5,089,684

• Alternative Use

  Use

  Valuation

  Residential

  $4,230,830

  Hospitality

  $3,875,418

  Educational

  $3,224,302

  Medical

  $3,335,191

  Retail

  $5,015,581

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.692

Longitude

-83.6846

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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