5742 Telegraph RdToledo, OH 43612

Property Details for 5742 Telegraph Rd

Year built

1907

Lot size

0.69 AC

Property size (Sq ft)

2,826 SF

Zone code

10-CR

Property type

Retail properties

Property subtype

Retail space

APN

22-06417

APU

2206417

Description

This vacant, 2,826-square-foot restaurant building presents a unique investment opportunity in Toledo, Ohio. Located at 5742 Telegraph Road, this single-story, free-standing structure sits on a 0.55-acre lot and boasts ample on-site parking. Built in 1907, the property has undergone recent building modifications, including a new furnace and roof, ensuring reliable operation for the next owner. The building is zoned 10-CR Regional Commercial, offering flexibility for a variety of uses beyond its previous restaurant function. Potential buyers will appreciate the prime location with high traffic counts, making it an ideal spot for a thriving business. The asking price is $198,000, translating to $70.06 per square foot. The property is currently vacant, allowing for immediate occupancy and customization to suit the new owner's needs. This is a rare chance to acquire a well-maintained, historically significant building in a high-traffic area of Toledo, offering significant potential for return on investment. The lease term is zero years, providing complete control and flexibility to the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $711,152

  6.5%

  $656,448

  7%

  $609,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $666,147

  Geo Method

  $666,147

• Alternative Use

  Use

  Valuation

  Residential

  $553,739

  Hospitality

  $507,222

  Educational

  $422,002

  Medical

  $436,516

  Retail

  $656,448

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.7214

Longitude

-83.547

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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