2340 Detroit Ave./River Rd Maumee, OH 43537
- Office Properties & Spaces
- 12,690 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2340 Detroit Ave./River Rd
- Year built
- 1974
- Property size
- 12,690 SF
- Property type
- Office Properties & Spaces
Description
This exceptional three-story, Class B executive office building at 2340 Detroit Ave./River Rd, Maumee, Ohio 43537, offers a compelling investment opportunity. Boasting 12,690 total square feet and 9,798 net rentable square feet, the property is currently 100% occupied, generating a strong NOI of $74,218 and a 7.18% cap rate. Built in 1974, the building features 44 parking spaces and is situated on a highly visible corner lot with convenient access to Detroit Avenue and River Road. The property includes a wheelchair-accessible ramp and elevator, ensuring accessibility for all tenants. Recent upgrades include new HVAC units, a three-year-old roof, and newer windows, minimizing future maintenance costs. The building's 8-foot ceilings provide ample space, and it is equipped with electric heating and a 200-amp power supply. Tenants represent a diverse mix of regional, national, and local businesses. Detailed building and elevator plans are available upon request, along with additional photos. The property is zoned C-1 General Commercial (APN 20707). This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable Maumee location. Asking price is $950,000.
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
- Maumee
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6218
- Latitude
- 41.5769
