3136 Sylvania AveToledo, OH 43613

Property Details for 3136 Sylvania Ave

Year built

1958

Lot size

0.09 AC

Property size (Sq ft)

2,025 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Retail space

APN

22-22757

APU

2222757

Description

This exceptional Toledo, Ohio retail investment opportunity presents a 2,025-square-foot storefront building ideally situated at 3136 W Sylvania Ave, Toledo, OH 43613. Originally constructed in 1958 and extensively renovated in 2020, this single-tenant property boasts 100% occupancy with a lease expiring October 31, 2025. The current tenant is open to lease renewal or vacating to allow for owner-occupancy. The building features two separately metered units, each with its own HVAC system, offering flexibility for future use. The property is zoned 10-CR Regional Commercial (APN 22-22757) and offers a compelling price per square foot of $83.36, with an asking price of $168,800. Annual real estate taxes are $3,225.26. This property represents a strong investment opportunity with immediate income potential and the potential for future owner-user occupancy. The building's recent renovation ensures modern functionality and appeal, making it an attractive option for both investors and potential owner-operators. The location in Toledo, Ohio provides access to a thriving market and strong consumer base. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $509,584

  6.5%

  $470,385

  7%

  $436,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,335

  Geo Method

  $477,335

• Alternative Use

  Use

  Valuation

  Residential

  $396,787

  Hospitality

  $363,455

  Educational

  $302,390

  Medical

  $312,790

  Retail

  $470,385

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6921

Longitude

-83.6202

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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