622 Jefferson Ave Toledo, OH 43604
- Office Properties & Spaces
- 16,560 SF
Current Use by Public Records
- Flooring America / Flooring Store
- CM SR22 Insurance Group / Insurance Company
- Liberty Mutual / Insurance Agency
Property Details for 622 Jefferson Ave
- Property size
- 16,560 SF
- Property type
- Office Properties & Spaces
Description
This exceptional freestanding office building, located at 622 Jefferson Ave in Toledo, Ohio's vibrant downtown, presents a unique investment opportunity. Spanning 16,560 square feet across three floors plus a mezzanine and basement, this property offers diverse and adaptable space. The ground floor features stunning floor-to-ceiling woodwork, ideal for retail or office use. The second floor comprises twelve private offices, a kitchenette, and a shared workspace, perfect for a growing business or professional practice. The third floor boasts an open loft layout with exposed brick, presenting potential for office space or even residential conversion, subject to necessary approvals. A mezzanine level adds four more offices, enhancing the building's versatility. A substantial 5,500 square foot basement with high ceilings provides ample storage or additional development potential. Convenient parking is available in a lot across the street. This property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. The asking price is $650,000, translating to $39.25 per square foot. This is a rare chance to acquire a well-located, historically significant building with significant upside potential in a revitalizing urban core. The property is zoned for office use, but potential exists for other uses subject to city approvals.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5386
- Latitude
- 41.6516
