923 Starr Ave Toledo, OH 43605
- Retail space
- 11,307 SF
- 0.08 lot acres
Current Use by Public Records
- Boost Mobile / Cell Phone Store
- Top Tax / Tax Preparation
Property Details for 923 Starr Ave
- Year built
- 1940
- Lot size
- 0.08 lot acres
- Property size
- 11,307 SF
- Zone code
- 10-CS
- Property type
- Retail space
- APN
- 06-03351
- APU
- 603351
Description
This exceptional 7,538 square foot storefront property at 923 Starr Avenue in Toledo, Ohio, presents a compelling investment opportunity. Located at the hard corner of Starr Avenue and E. Broadway Street, this two-story multi-tenant building benefits from high visibility and convenient access. The property boasts approximately 11 on-site parking spaces, a significant advantage in this location. The first floor, encompassing 1,600 square feet, has recently undergone renovations and is currently leased to a CBD dispensary on a five-year lease renewed in December 2022, offering immediate income potential. This space is available as a turnkey operation for a similar user. The substantial second floor, measuring 3,750 square feet, is currently configured as event space but offers significant potential for conversion into office space or residential units. The building is situated within one mile of I-280, ensuring excellent accessibility and high traffic flow. The asking price for this value-add asset is $299,000, translating to a price per square foot of $39.67. This property is ideally positioned for investors seeking a strong return on investment in a thriving Toledo location, adjacent to established businesses like Davita Kidney Care and Dollar General. The property's versatility and prime location make it an attractive proposition for a variety of uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $365,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $390,000
- Mixed-Use
- $335,000
- Hospitality
- $375,000
- Educational
- $365,000
- Residential Income
- $320,000
- Energy
- $350,000
- Income-Based Land
- $380,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5161
- Latitude
- 41.6437
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
