2735 Navarre AveOregon, OH 43616

Property Details for 2735 Navarre Ave

Year built

1981

Property size (Sq ft)

1,208 SF

Property type

Office properties

Property subtype

Other office properties

APN

44-91373

APU

4491373

Description

This single-story, 1,250-square-foot medical office condominium is located at 2735 Navarre Avenue in Oregon, Ohio, 43616. Built in 1981, the property sits on a spacious 97,910-square-foot lot and is currently vacant. The building is a single unit within a condominium association responsible for most exterior maintenance, minimizing owner responsibilities. The property is zoned as "Not Zoned," according to Lucas County records (APN: 44-91381). This presents a unique opportunity for a medical professional or investor seeking a turnkey solution in a thriving area. The entire 1,250 square feet is available for immediate occupancy, offering flexibility for various medical or office uses. The property's location in Oregon, Ohio, provides convenient access to local amenities and a strong patient base. This is an ideal investment for those seeking a low-maintenance, high-potential property with significant upside. The property's size and location make it suitable for a variety of medical practices or office uses. The single-unit nature of the building simplifies ownership and management. This is a rare opportunity to acquire a well-located, affordable medical office space in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $206,795

  6.5%

  $190,888

  7%

  $177,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $112,996

  Geo Method

  $112,996

• Alternative Use

  Use

  Valuation

  Residential

  $236,701

  Hospitality

  $216,817

  Educational

  $180,389

  Medical

  $186,593

  Retail

  $280,605

Location Insight

City

Oregon

County

Lucas

State

Ohio

Latitude

41.6376

Longitude

-83.4828

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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