1320 Adams St Toledo, OH 43604

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.