425 Jefferson Ave Toledo, OH 43604

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.