Property profile

303 Morris St Toledo, OH 43604

OFF-MARKET
Warehouses
48,000 SF 0.37 ac lot Built 1911
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Property summary

AI-generated overview

This 48,000 square foot industrial flex space at 303 Morris Street in Toledo, Ohio, presents a compelling investment opportunity. The Class B building, constructed in 1911 and extensively renovated in 2024, boasts a multi-tenant occupancy with six current tenants. The property features five loading docks, five dock-high doors, and a 14.5-foot ceiling height, ideal for various industrial and warehouse uses. Situated on a 0.37-acre lot, the property includes 35 parking spaces and a wet sprinkler system for enhanced safety. Its General Industrial zoning allows for diverse applications. The building's location offers easy access to I-75, less than half a mile from the interchange, and enjoys a prominent position adjacent to Middlegrounds Metropark, providing excellent visibility and potential for fascia signage visible from the Anthony Wayne Bridge. The property benefits from its proximity to Downtown Toledo's Designated Outdoor Refreshment Area (DORA). A freight elevator adds to the building's functionality. The asking price is $1,100,000, and a rent roll is available upon request. This stabilized investment presents a unique blend of historical character and modern upgrades, making it an attractive option for investors seeking a well-located, multi-tenant industrial property with redevelopment potential. The property's three stories offer significant flexibility for various business needs. The building's past use as a plate glass storage facility speaks to its structural integrity and adaptability.

Property profile

Verified
Property type Warehouses
Year built 1911
Total area 48,000 SF
Lot 0.37 ac (16,117 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply

Location

303 Morris St Toledo, OH 43604
Toledo metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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