5122 Heatherdowns Blvd Toledo, OH 43614
- Strip malls
- 24,800 SF
- 2.00 lot acres
Current Use by Public Records
- Perfect Fit Alterations / Clothing Alteration Service / Tailor
- CrysStyles Hair Salon / Hair Salon / Barber Shop
- Cinco De Mayo Amigo / Mexican Restaurant
- Bernardo D Martinez MD / Vascular Surgeon / Doctor
- FoodieCards / Marketing Agency / Internet Marketing Service
Property Details for 5122 Heatherdowns Blvd
- Year built
- 1974
- Lot size
- 2.00 lot acres
- Property size
- 24,800 SF
- Zone code
- 10-CR
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 20-01911
- APU
- 2001911
Description
This exceptional 24,300 square foot multi-tenant building, located at 5122 Heatherdowns Blvd in Toledo, Ohio, presents a unique investment opportunity. Originally constructed in 1974 and extensively renovated in 2009, the property boasts a blend of medical office and specialty retail space, perfectly suited for a variety of businesses. Situated in Lucas County, the building's convenient location offers excellent visibility and accessibility. Currently, there are 1,500 square feet of office space and 1,200 square feet of retail space immediately available for lease. The building's substantial size and adaptable layout provide ample room for expansion or customization to meet specific tenant needs. This property represents a strong investment in a thriving Toledo market, offering a blend of established infrastructure and modern amenities. The building's history of successful tenancy speaks to its desirability and potential for continued growth. Interested parties are encouraged to inquire about lease terms and availability for the currently vacant spaces. The property's strategic location within Lucas County, coupled with its versatile design, makes it an ideal choice for businesses seeking a prominent presence in the Toledo area. This is a rare opportunity to acquire a well-maintained and strategically located commercial property in a high-demand market. The 43614 zip code offers easy access to major transportation routes and a diverse range of amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $570,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $540,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $520,000
- Mixed-Use
- $525,000
- Hospitality
- $440,000
- Educational
- $490,000
- Residential Income
- $450,000
- Energy
- $600,000
- Income-Based Land
- $440,000
- Food Service
- $605,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6631
- Latitude
- 41.5952
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
