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    622 Jefferson Ave Toledo, OH 43604

    Sponsored
    For Sale
    $650,000

    Prime Office Space, $650,000

    Property size:
    16,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional freestanding office building, located at 622 Jefferson Ave in Toledo, Ohio's vibrant downtown, presents a unique investment opportunity. Spanning 16,560 square feet across three floors plus a mezzanine and basement, this property offers diverse and adaptable space. The ground floor features stunning floor-to-ceiling woodwork, ideal for retail or office use. The second floor comprises twelve private offices, a kitchenette, and a shared workspace, perfect for a growing business or professional practice. The third floor boasts an open loft layout with exposed brick, presenting potential for office space or even residential conversion, subject to necessary approvals. A mezzanine level adds four more offices, enhancing the building's versatility. A substantial 5,500 square foot basement with high ceilings provides ample storage or additional development potential. Convenient parking is available in a lot across the street. This property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. The asking price is $650,000, translating to $39.25 per square foot. This is a rare chance to acquire a well-located, historically significant building with significant upside potential in a revitalizing urban core. The property is zoned for office use, but potential exists for other uses subject to city approvals.

    Property Features for 622 Jefferson Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,560 SF

    HighLights

    • 16,560 SF freestanding office building in Toledo, OH's downtown Opportunity Zone.
    • Three floors plus mezzanine and basement offer diverse space; ground floor ideal for retail or office.
    • Second floor features twelve private offices, kitchenette, and shared workspace.
    • Third floor offers open loft layout with exposed brick, potential for office or residential conversion (subject to approvals).
    • 5,500 SF basement provides ample storage or development potential.
    • Parking available across the street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flooring America Flooring Store CM SR22 Insurance ... Insurance Company Liberty Mutual Insurance Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.5385778
    Latitude
    41.651629

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, $650,000
    Where is this office property / space located?
    The property is located at 622 Jefferson Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 16,560 SF freestanding office building in Toledo, OH's downtown Opportunity Zone.; Three floors plus mezzanine and basement offer diverse space; ground floor ideal for retail or office.; Second floor features twelve private offices, kitchenette, and shared workspace.
    (419) 794-3961
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    622 Jefferson Ave Toledo, OH 43604
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    Toledo, OH 43604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    622 Jefferson Ave Toledo, OH 43604
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