3546 Sylvania AveToledo, OH 43623

Property Details for 3546 Sylvania Ave

Year built

1973

Lot size

0.82 AC

Property size (Sq ft)

10,872 SF

Zone code

10-CR

Property type

Medical offices

Property subtype

Medical centers

APN

22-60227

APU

2260227

Description

This single-story, 10,872 square foot medical office building in Toledo, Ohio, presents a unique investment opportunity. Built in 1973 and renovated in 2019, the property boasts 6,023 square feet of immediately available space, divisible down to 623 square feet. The building features a 9+ foot ceiling height and ample parking with 200+ spaces. Located at 3546 W Sylvania Ave, Toledo, OH 43623, this Class C property sits on 0.82 acres of land and offers excellent visibility with 214 feet of frontage on W. Sylvania Ave, a four-lane highway with a turn lane. Its strategic location near a signalized intersection on a TARTA bus route, the I-475 interchange, Franklin Park Mall, and Mercy St. Anne's Hospital ensures high traffic and accessibility. The property is zoned 10-CR, allowing for diverse commercial uses. The building has two suites and power is supplied at 240 A/120 V. No elevators are present. This is an exceptional opportunity for businesses seeking a well-located, adaptable space in a thriving area. The APN is 2260227. Cross street is Monroe Street.

• CAP approach

  CAP return

  Valuation

  6%

  $2,109,310

  6.5%

  $1,947,050

  7%

  $1,807,980

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,016,970

  Geo Method

  $1,016,970

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,782,540

  Retail / Commercial

  $1,949,610

  Mixed-Use / Specialty

  $1,950,490

  Hospitality / Lodging

  $1,441,200

  Institutional / Educational

  $2,030,520

  Residential Income

  $2,375,710

  Multifamily

  $2,805,880

  Automotive / Energy

  $1,740,440

  Parking / Income-Based Land

  $592,869

  Restaurant / Food Service

  $1,031,180

  Healthcare / Senior Housing

  $1,992,160

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6918

Longitude

-83.63

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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