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    923 Starr Ave Toledo, OH 43605

    Sponsored
    For Sale
    $299,000

    High-traffic location, 7,538 SF, $299,000

    Property size:
    7,538 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,538 square foot storefront property at 923 Starr Avenue in Toledo, Ohio, presents a compelling investment opportunity. Located at the hard corner of Starr Avenue and E. Broadway Street, this two-story multi-tenant building benefits from high visibility and convenient access. The property boasts approximately 11 on-site parking spaces, a significant advantage in this location. The first floor, encompassing 1,600 square feet, has recently undergone renovations and is currently leased to a CBD dispensary on a five-year lease renewed in December 2022, offering immediate income potential. This space is available as a turnkey operation for a similar user. The substantial second floor, measuring 3,750 square feet, is currently configured as event space but offers significant potential for conversion into office space or residential units. The building is situated within one mile of I-280, ensuring excellent accessibility and high traffic flow. The asking price for this value-add asset is $299,000, translating to a price per square foot of $39.67. This property is ideally positioned for investors seeking a strong return on investment in a thriving Toledo location, adjacent to established businesses like Davita Kidney Care and Dollar General. The property's versatility and prime location make it an attractive proposition for a variety of uses.

    Property Features for 923 Starr Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,538 SF

    HighLights

    • 7,538 SF multi‑tenant building at 923 Starr Ave, Toledo, OH, on a hard corner with high visibility.
    • 11 on‑site parking spaces.
    • 1,600 SF ground floor, recently renovated, leased to a CBD dispensary (5‑year lease renewed Dec 2022).
    • 3,750 SF second floor, currently event space, convertible to office or residential.
    • Excellent accessibility, within 1 mile of I‑280.
    • Asking price: $299,000 ($39.67/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Boost Mobile Cell Phone Store Top Tax Tax Preparation

    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
    -83.5160732
    Latitude
    41.6436291

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 7,538 SF, $299,000
    Where is this individual retail property located?
    The property is located at 923 Starr Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 7,538 SF multi-tenant building at 923 Starr Ave, Toledo, OH, on a hard corner with high visibility.; 11 on-site parking spaces.; 1,600 SF ground floor, recently renovated, leased to a CBD dispensary (5-year lease renewed Dec 2022).
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    Toledo, OH 43605
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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
    923 Starr Ave Toledo, OH 43605
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