Current Use by Public Records
- Office Spaces
Property Details for 1320 Adams St
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This exceptional 5,360 square foot, three-story creative office building at 1320 Adams Street in Toledo, Ohio's Uptown District, presents a unique redevelopment opportunity. The property, classified as a Class B multifamily/office building, boasts a finished 1,840 square foot first floor, ideal for retail or office use. The second and third floors (1,760 square feet each) are open shells, ready for build-out to suit a variety of office or residential needs. A 1,920 square foot basement adds further potential. The building underwent renovations in 2019 and benefits from Tax Incremental Financing (TIF) approved in 2023, expiring January 1, 2051, providing a partial real estate tax exemption. Its prime location is kitty-corner from the Toledo School for the Arts, near other retail and office spaces, and the Toledo Club, adjacent to a park. The asking price is $249,000, translating to $46.46 per square foot. Currently vacant, this property offers significant upside for the right investor. The permitted zoning is CD.
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
- -83.5424
- Latitude
- 41.657
