5235 Summit StToledo, OH 43611

Property Details for 5235 Summit St

Year built

1950

Lot size

2.02 AC

Property size (Sq ft)

20,454 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Strip malls

APN

18-56461

APU

1856461

Description

This Toledo, Ohio retail property at 5235 N Summit St offers 23,661 square feet of space, with 14,023 square feet currently vacant. The property is a multi-tenant storefront building situated on a 1.15-acre lot and includes 51 parking spaces. Divisible units range from a minimum of 1,080 square feet to a maximum contiguous space of 8,558 square feet, providing flexibility for various retail businesses. The building features large storefront windows, allowing for abundant natural light and high visibility from the street. Its contemporary design and well-maintained exterior create a professional and inviting atmosphere. The property's strategic location in Toledo, Ohio, zip code 43611, ensures high traffic volume and excellent exposure for tenants. This adaptable space is ideal for businesses seeking a prominent location with ample parking and a versatile layout to suit their specific needs. The property is ready for immediate occupancy, presenting a unique opportunity for growth and success in a thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $5,147,173

  6.5%

  $4,751,236

  7%

  $4,411,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,821,433

  Geo Method

  $4,821,433

• Alternative Use

  Use

  Valuation

  Residential

  $4,007,846

  Hospitality

  $3,671,165

  Educational

  $3,054,366

  Medical

  $3,159,411

  Retail

  $4,751,236

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.7171

Longitude

-83.4798

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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