531 Broadway St Toledo, OH 43604
- Apartment buildings
- 6,420 SF
- 0.34 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 531 Broadway St
- Year built
- 1912
- Lot size
- 0.34 lot acres
- Property size
- 6,420 SF
- Property type
- Apartment buildings
Description
This 4-unit apartment building, located at 531 Broadway St in Toledo, Ohio, presents a compelling value-add investment opportunity. Built in 1912 and renovated in 2024, this Class C property boasts 6,420 square feet situated on a 0.344-acre lot (APN: 11-59609). The two-story building is currently 50% occupied and zoned for Neighborhood Commercial use. Each of the four units features three bedrooms, one bathroom, and two gated/covered parking spaces. Kitchen appliances include a range and refrigerator, with disposals in two units and individual hot water tanks. Heating is provided by a boiler/radiator system, while cooling is via window units. Washer/dryer hookups are available in the basement. The property's prime location on a main thoroughfare in Downtown Toledo offers easy access to restaurants, shops, entertainment venues, and major employers. Its proximity to the Anthony Wayne Trail (half a mile east) and the I-75 interchange (half a mile south) enhances its appeal and accessibility. This property is an excellent opportunity for investors seeking to capitalize on the revitalization of Downtown Toledo.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5449
- Latitude
- 41.6389
