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    425 Jefferson Ave Toledo, OH 43604

    Sponsored
    For Sale
    $3,400,000

    Historic Toledo building, prime location, high potential.

    Property size:
    175,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Secor Building, a 175,212 square foot Class C multifamily and office property at 425 Jefferson Ave, Toledo, OH 43604, is offered for sale at $3,400,000 ($19.41/sq ft). This 0.47-acre property, built in 1908, presents a compelling redevelopment opportunity. Currently at 50% occupancy with a gross lease type, the building offers significant upside potential. Situated in the heart of historic Toledo and designated an Opportunity Zone, it is listed on the National Register of Historic Places, making it eligible for the Ohio Historic Preservation Tax Credit Program. Its strategic location offers unparalleled connectivity, being directly connected to the Port Lawrence Parking Garage and SeaGate Convention Centre, a half block from Fifth Third Field, next to the Huntington Center, and across N Superior Street from the Commodore Perry Apartments. The building currently houses a four-star Registry Bistro restaurant and bar, and shares its location with tenants such as the Toledo Opera. The office space presents a unique conversion potential to mixed-use apartments, maximizing the property's value. Detailed financial information and the current rent roll are available upon request to qualified buyers. This is a rare chance to acquire a landmark property with substantial redevelopment potential in a thriving urban core.

    Property Features for 425 Jefferson Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    175,212 SF
    Class
    C
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1908
    Property Profile Location Intelligence

    Current Use by Public Records

    Go Get It ... Audio Visual Consultant Attorney Sara J. ... Attorney Jennifer Rayoum - Key ... Real Estate Consultant Toledo Opera Guild Barber Shop AJ Archery & AJ ... Archery Range

    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
    -83.5365024
    Latitude
    41.6495515

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    FAQs

    What type of property is this?
    Multifamily property - Historic Toledo building, prime location, high potential.
    Where is this multifamily property located?
    The property is located at 425 Jefferson Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $3,400,000.
    Request Owner's contact information
    425 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
    425 Jefferson Ave Toledo, OH 43604
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