Property profile

1120 Cherry St Toledo, OH 43608

FOR LEASE
Warehouses
Property ID
US66-1166257
61,688 SF 1.77 ac lot Built 1965
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This well-maintained, single-story industrial warehouse building, located in Toledo's Lucas County submarket, offers 39,000 total square feet, with 13,200 square feet currently vacant and immediately available. Built in 1977, the property sits on a 1.61-acre lot and features a 20-foot clear ceiling height, ideal for various uses. The space is divisible, with a minimum leasable area of 4,400 square feet and a maximum contiguous space of 13,200 square feet, making it suitable for single or multi-tenant occupancy. The building's concrete construction ensures durability and longevity. Its strategic location provides excellent access to Greenbelt Parkway and Interstate 280, enhancing logistics and transportation efficiency. The property includes 17 total parking spaces and a sizable outdoor laydown area, adding further value and flexibility. Zoned 10-IG, this property is perfectly suited for contractors' storage, distribution and warehousing, light manufacturing, and general storage needs. The property's address is easily accessible via Seneca St and Cherry St, and its APN is 1853227. This is a prime opportunity for businesses seeking efficient and well-located warehouse space in the Toledo area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1965
Total area 61,688 SF
Lot 1.77 ac (77,101 SF)
Zoning code 10-IG
APN 18-53227
UPID US66-1166257

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Industrial Manufacturer Production Facility

Location

1120 Cherry St Toledo, OH 43608
Toledo metro Census 2900 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$520k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

10-IG · Toledo, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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