Current Use by Public Records
- Office Spaces
Property Details for 1 St Clair St
- Year built
- 1889
- Lot size
- 0.20 lot acres
- Property type
- Office Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 1 S Saint Clair Street in Toledo, Ohio, presents a compelling investment opportunity. The 13,900 square foot building, constructed in 1889, boasts a prime location in the heart of Toledo's Central Business and Warehouse Districts, directly across from Fifth Third Field and within walking distance of The Huntington Center and the renovated Glass City Center. The building features four stories, with floors one and two configured as office/flex space, a penthouse residence on the third floor complete with a private rooftop patio, and an additional 4,200 square feet of basement area. Currently operating at 88% occupancy with eight tenants under gross lease agreements, this stabilized investment offers a strong cash flow. The property includes 20 parking spaces – 14 in a fenced lot on-site and 6 additional spaces directly behind the building, all monitored by security cameras. Convenient access is provided by a curb cut on S Saint Clair Street and additional back alley access. The 0.199-acre lot is zoned for Downtown Commercial use, allowing for a variety of commercial and mixed-use applications. The building's 18,100 square feet of net rentable space is priced at $161.87 per square foot, with an asking price of $2,250,000. The potential to generate additional income from parking during downtown events further enhances this attractive investment prospect. Detailed financials are available upon request.
Value Estimations
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AI approach
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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
- -83.538
- Latitude
- 41.6471
