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.

Location Insight

City

Toledo

County

Lucas

State

Ohio

Longitude

-83.5386

Latitude

41.6516