3136 Sylvania Ave Toledo, OH 43613-4133
- Retail space
- 2,025 SF
- 0.09 lot acres
Oct 26, 2022
Current Use by Public Records
- Lockett Lash Studio / Beauty Salon
- True Grace Lashes / Beauty Salon
- Growing Years / Consignment Shop
- Prettyprincess BeautieRoom / Beauty Salon
Property Details for 3136 Sylvania Ave
- Year built
- 1958
- Lot size
- 0.09 lot acres
- Property size
- 2,025 SF
- Zone code
- 10-CR
- Property type
- Retail space
- APN
- 22-22757
- APU
- 2222757
Description
This exceptional Toledo, Ohio retail investment opportunity presents a 2,025-square-foot storefront building ideally situated at 3136 W Sylvania Ave, Toledo, OH 43613. Originally constructed in 1958 and extensively renovated in 2020, this single-tenant property boasts 100% occupancy with a lease expiring October 31, 2025. The current tenant is open to lease renewal or vacating to allow for owner-occupancy. The building features two separately metered units, each with its own HVAC system, offering flexibility for future use. The property is zoned 10-CR Regional Commercial (APN 22-22757) and offers a compelling price per square foot of $83.36, with an asking price of $168,800. Annual real estate taxes are $3,225.26. This property represents a strong investment opportunity with immediate income potential and the potential for future owner-user occupancy. The building's recent renovation ensures modern functionality and appeal, making it an attractive option for both investors and potential owner-operators. The location in Toledo, Ohio provides access to a thriving market and strong consumer base. This is a rare opportunity to acquire a well-maintained, income-producing retail property in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $175,000
- ML approach
- $175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $220,000
- 6.5%
- $205,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $170,000
- AI Estimate
- $246,000
Market price range: $45.9k - $190kMarket price range: $80.8k - $258k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $115,000 Current use
- MEDICAL BUILDING
- $150,000 Change: +30% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $145,000 Change: +27% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $145,000 Change: +24% Conversion: Moderate
- OFFICE BUILDING
- $130,000 Change: +11% Conversion: Easy
- COMMERCIAL (GENERAL)
- $125,000 Change: +7% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6202
- Latitude
- 41.6921
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA