5744 Southwyck BlvdToledo, OH 43614

Property Details for 5744 Southwyck Blvd

Year built

1972

Lot size

1.24 AC

Property size (Sq ft)

15,072 SF

Zone code

10-CO

Property type

Office properties

Property subtype

Office buildings

APN

07-70121

APU

770121

Description

This exceptional 15,072 square foot, two-story apartment building in Toledo, Ohio, presents a fantastic redevelopment opportunity. Situated on a 1.237-acre lot at 5744 Southwyck Blvd, 43614, this mixed-use property is zoned CO and offers significant upside. Its prime location boasts unparalleled convenience, with immediate proximity to an Amazon distribution facility, ensuring high visibility and potential for strong rental demand. The property enjoys easy access to the Ohio Turnpike (I-80/I-90), simplifying commutes and transportation. Furthermore, the building's location is highly desirable, within walking distance of various restaurants and retail establishments, providing residents with a wealth of amenities. Recreational opportunities abound, with Brookwood Metropark just steps away, offering residents access to green spaces and outdoor activities. Families will appreciate the nearby Maumee Valley Country Day School. The asking price for this investment property is $425,000. This is a rare chance to acquire a strategically located property with substantial redevelopment potential in a thriving area. Don't miss this chance to capitalize on this promising investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,580,145

  6.5%

  $2,381,672

  7%

  $2,211,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,409,835

  Geo Method

  $1,409,835

• Alternative Use

  Use

  Valuation

  Residential

  $2,953,273

  Hospitality

  $2,705,182

  Educational

  $2,250,680

  Medical

  $2,328,084

  Retail

  $3,501,058

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6058

Longitude

-83.6692

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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