3156 Dustin Rd, Oregon, OH 43616-4342
- Medical Office Space
- 16,612 SF
- 2.93 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 3156 Dustin Rd
- Year built
- 1989
- Lot size
- 2.93 lot acres
- Zone code
- 40-C4
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 44-23191
- APU
- 4423191
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 22, 2022 | $1,725,900 | 3156 Dustin Road LLC | Inas Properties Two LLC | Limited Warranty Deed | $1.3M · Directions Cu |
| Jun 17, 2019 | $465,000 | Inas Properties Two LLC | Bay Park Community Hospital | Warranty Deed | $372k · Pnc Bank NA |
| Dec 30, 2005 | — | Bay Park Community Hospital | Toledo Hospital | Warranty Deed | — |
Description
This exceptional medical office building, located at 3156 Dustin Rd in Oregon, Ohio, presents a unique investment opportunity. The property consists of two single-story buildings totaling 15,615 square feet, constructed in 1989 and extensively renovated in 2021. Currently, there is 3,500 square feet of vacant space available for lease, ideal for a variety of medical practices. The building boasts a Class B rating and sits on a 2.93-acre lot, offering ample parking for patients and staff. The zoning is C-4 Business, allowing for flexibility in tenant use. The building features a low floor area ratio (FAR) of 0.12. This property benefits from its strategic location in Lucas County, Ohio, near Mercy Health St. Charles Hospital, a major healthcare system employing nearly 35,000 people across Ohio and Kentucky. The available space includes one 2700 square foot unit and two 400 square foot units. This well-maintained property offers a blend of established infrastructure and recent upgrades, making it an attractive option for medical professionals seeking a high-visibility location with convenient access to a large patient base. The property's size and layout provide opportunities for expansion or consolidation, catering to various practice needs. The address is 3156 Dustin Rd, Oregon, OH 43616.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,750,000
- ML approach
- $1,625,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,280,000
- 6.5%
- $2,105,000
- 7%
- $1,955,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,680,000 Current use
- RESTAURANT
- $2,390,000 Change: +42% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,345,000 Change: -20% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Oregon
- County
- Lucas
- State
- Ohio
- Longitude
- -83.4724
- Latitude
- 41.6341
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
