622 Jefferson Ave Toledo, OH 43604
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.
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Flooring America Carpet & Flooring Store Hardware & Home Improvement
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CM SR22 Insurance Group Financial Advisor Insurance Agency
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Liberty Mutual Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.