5650 Central Ave Toledo, OH 43615
- Office buildings
- 33,840 SF
- 1.84 lot acres
Current Use by Public Records
- Full Zoom / Video Production Service
- Greater Toldeo USBC / Leagues Club
- Bridge Center / Bridge Club
- Sylvania Office Space / Real Estate Agency
- Associated Pathologists Inc / Medical Clinic / Pathologist
Property Details for 5650 Central Ave
- Year built
- 1971
- Lot size
- 1.84 lot acres
- Property size
- 33,840 SF
- Zone code
- 20-C2
- Property type
- Office buildings
- APN
- 78-36517
- APU
- 7836517
Description
This single-tenant office space, totaling 3,000 square feet, is located at 5650 Central Avenue, Suite A, in Toledo's Sylvania Township. The property boasts excellent visibility and accessibility on a major thoroughfare, with ample surface parking (175 spaces) and two curb cuts. The building, a 33,840 square foot Class B structure built in 1971, features a planned 2024 facade and parking lot renovation. The space itself includes a kitchenette/break area, three private offices, and an open workspace. All utilities are included in the monthly rent; tenant is responsible for in-suite janitorial expenses. The C-2 zoning allows for diverse commercial uses. The location offers easy access to numerous restaurants and major retailers, and is conveniently situated one mile east of the I-475/US-23 interchange. High traffic counts are reported for Central Avenue (23,316 VPD), I-475/US-23 (95,051 VPD), and Holland Sylvania (19,159 VPD). The property sits on a 3.23-acre lot (APN: 7836517 & 7836537) and benefits from Sylvania Township's lack of personal income tax. This is an exceptional opportunity for businesses seeking high-visibility office or retail space in a prime Toledo location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $835,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $895,000
- 6.5%
- $850,000
- 7%
- $830,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $855,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $945,000
- Retail
- $945,000
- Mixed-Use
- $870,000
- Hospitality
- $845,000
- Educational
- $730,000
- Residential Income
- $855,000
- Energy
- $845,000
- Income-Based Land
- $790,000
- Food Service
- $705,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6767
- Latitude
- 41.6777
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA