425 Jefferson Ave Toledo, OH 43604
- Office buildings
- 195,372 SF
- 0.47 lot acres
Current Use by Public Records
- Go Get It Records / Music Publisher / Recording Studio
- Attorney Sara J. Roller / Attorney
- Jennifer Rayoum - Key Realty / Real Estate Consultant
- Toledo Opera Guild / Barber Shop
- AJ Archery & AJ Outdoors LLC / Archery Range
Property Details for 425 Jefferson Ave
- Year built
- 1908
- Lot size
- 0.47 lot acres
- Property size
- 195,372 SF
- Zone code
- 10-CD
- Property type
- Office buildings
- APN
- 12-14141
- APU
- 1214141
Description
The Secor Building, a 175,212 square foot creative office space located at 425 Jefferson Avenue in Toledo, Ohio, presents a unique investment opportunity. Built in 1908 and situated on a 0.47-acre lot in Lucas County (zip code 43604), this property boasts a prime downtown location within an Opportunity Zone. Currently offering 12 available spaces totaling 165,600 square feet, the building is listed on the National Register of Historic Places, making it eligible for the Ohio Historic Preservation Tax Credit Program. Its strategic location offers unparalleled connectivity, with direct access to the Port Lawrence Parking Garage and the SeaGate Convention Centre. It's also a half block from Fifth Third Field, adjacent to the Huntington Center, and across N Superior Street from the Commodore Perry Apartments. The building features an on-site, four-star Registry Bistro restaurant and bar, and shares its address with notable tenants such as the Toledo Opera. The Secor Building offers significant potential for conversion to mixed-use apartments. Detailed financial information and current rent rolls are available upon request for qualified parties.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $245,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $260,000
- Mixed-Use
- $300,000
- Hospitality
- $305,000
- Educational
- $230,000
- Residential Income
- $255,000
- Energy
- $220,000
- Income-Based Land
- $265,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5368
- Latitude
- 41.6501
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA