Building Details

Building Size 46,000 SF

Year Built 1988

Buildings 2

Stories 1

Listing Agency: Signature Associates - Toledo r***@signatureassociates.com Show Phone

Listed By: Rob Keleghan · License #BRKP.2022005426 Show Phone

Source: Cpix.resimplifi

Added: Mar 26, 2024 Changed: Aug 30 Last Checked: Aug 30 at 6:08PM

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Investment Insights

Based on property information with market context.

This 46,000-square-foot flex property, constructed in 1988, is configured for multiple occupants and is undergoing suite improvements at the rear of the building. The remodeling program includes one office and two restrooms, adding practical support space within the existing layout. The property carries 20-m1 zoning and is positioned in Sylvania Township.

Access is convenient to US-20 via Central Avenue, with the I-475/US-23 interchange located within 3 miles. The setting is described as professional, and Sylvania Township currently levies no payroll taxes.

Key Highlights

• 46,000‑square‑foot multi‑tenant flex building
• Suite remodeling includes 1 office and 2 restrooms
• 20‑m1 zoning

Property Analytics

Property Profile

Current Use

Pigot Thomas D Law Firm Northwest Pools Inc General Contractor Lake Chem-Dry Carpet Cleaning Service Echo Technologies (Bike/Boat/Book/etc) Store East gate refrigeration Hardware & Home Improvement

Suggested Use

Top Pick Restaurant Dental Office Real Estate Agency Hair Salon Pharmacy Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

227

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43617, OH

7,659

Population

3,248

Households

2.4

Avg Household Size

44

Median Age

51%

College-Educated

97%

High-School Grad

5.2 sq mi

ZIP Area

1,473

Density / Sq Mi

$131,935

Median Household Income

$61,927

Median Earnings

$1,145

Median Rent

$271,900

Median Home Value

Market

Lease Benchmarks for Toledo, OH

$6.2 /SF/Yr

Avg Asking Price

$5.25–$6.75 /SF/Yr

Price Range

16,945 SF

Avg Space Size

This space is priced 45% above the average of $6.2 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Remodeled rear suites provide office space and two restrooms within a professional multi-tenant setting.

Where is this flex space located?

The property is located at 2620 Centennial Rd Toledo, OH.

What is the lease rate?

The lease rate is $9 SF/Yr.

What are key features of this property?

This property features: 46,000‑square‑foot multi‑tenant flex building; Suite remodeling includes 1 office and 2 restrooms; 20‑m1 zoning