1616 Cherry St Toledo, OH 43608
- Land
Current Use by Public Records
- Land
Property Details for 1616 Cherry St
- Property type
- Land
Description
This exceptional 34,848 square foot commercial land parcel presents a unique opportunity in Toledo, Ohio. Strategically located on Cherry Street, between Bancroft and Baker Streets, this property offers high visibility and accessibility in a central location. The site is available for ground lease or build-to-suit arrangements, providing flexibility for prospective tenants. Annual real estate taxes are $3,770.00, or $314.17 monthly. The current lease terms offer an annual rent of $41,057.36, translating to a monthly rent of $3,421.45. The property is situated in Lucas County and is ideal for businesses seeking a prominent presence in a thriving area. This is a rare chance to secure a substantial land holding in a high-traffic location with the potential for significant return on investment. The flexible lease options allow for customized development to meet specific business needs. Don't miss this opportunity to establish your business in a prime Toledo location. Contact us today to discuss your development plans and explore the possibilities of this exceptional commercial land offering. The property's central location and high visibility make it an attractive option for a wide range of commercial ventures.
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
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5382
- Latitude
- 41.6648
