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    5650 Central Ave Toledo, OH 43615

    Sponsored
    For Lease
    $18 SF/Yr

    Central Ave Office Retail Space

    Lot size:
    33,840 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-tenant office space, totaling 3,000 square feet, is located at 5650 Central Avenue, Suite A, in Toledo's Sylvania Township. The property boasts excellent visibility and accessibility on a major thoroughfare, with ample surface parking (175 spaces) and two curb cuts. The building, a 33,840 square foot Class B structure built in 1971, features a planned 2024 facade and parking lot renovation. The space itself includes a kitchenette/break area, three private offices, and an open workspace. All utilities are included in the monthly rent; tenant is responsible for in-suite janitorial expenses. The C-2 zoning allows for diverse commercial uses. The location offers easy access to numerous restaurants and major retailers, and is conveniently situated one mile east of the I-475/US-23 interchange. High traffic counts are reported for Central Avenue (23,316 VPD), I-475/US-23 (95,051 VPD), and Holland Sylvania (19,159 VPD). The property sits on a 3.23-acre lot (APN: 7836517 & 7836537) and benefits from Sylvania Township's lack of personal income tax. This is an exceptional opportunity for businesses seeking high-visibility office or retail space in a prime Toledo location.

    Property Features for 5650 Central Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,840 SF
    Class
    B
    Total Rate
    50760

    Building Details

    Year Built
    1971
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $18

    HighLights

    • Retail/Office property totaling 33,840 square feet on a 3.23‑acre lot.
    • Single‑tenant occupancy with 3,000 square feet currently available.
    • Class B building constructed in 1971, featuring one story and 175 parking spaces.
    • Located in Toledo, Lucas County, with C‑2 zoning allowing for various commercial uses.
    • High visibility on Central Avenue, a major thoroughfare, with easy access to I‑475/US‑23.
    Property Profile Location Intelligence

    Current Use by Public Records

    Full Zoom Video Production Service Greater Toldeo USBC Leagues Club Bridge Center Bridge Club Sylvania Office Space Real Estate Agency Associated Pathologists Inc Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6769628
    Latitude
    41.6782418

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    FAQs

    What type of property is this?
    Office Property / Space - Central Ave Office Retail Space
    Where is this office property / space located?
    The property is located at 5650 Central Ave Toledo, OH.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail/Office property totaling 33,840 square feet on a 3.23-acre lot.; Single-tenant occupancy with 3,000 square feet currently available.; Class B building constructed in 1971, featuring one story and 175 parking spaces.
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    5650 Central Ave Toledo, OH 43615
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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
    5650 Central Ave Toledo, OH 43615
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