Property summary
This exceptional investment opportunity encompasses three interconnected warehouse buildings totaling 12,846 square feet, strategically located in Toledo, Ohio, at 3164, 3168, and 3172 Bellevue Road. The property features a mix of occupied and vacant space, presenting immediate income potential and future expansion possibilities. Building 3172 boasts 8,730 square feet, including a mezzanine with drive-under storage, front and rear drive-in overhead doors, and a recently installed ($35,000) flat rubber roof with skylights. Buildings 3164 and 3168, totaling 4,116 square feet, are internally connected but separated by a cinder block wall and chain link fence. 3164 is currently leased for $1,500 per month plus utilities, while the 4,000 square foot 3168 portion is vacant. The entire complex benefits from newer roofs and has undergone asbestos abatement. Its prime location near the University of Toledo, Westgate, and I-475 offers excellent accessibility and visibility. Nearby amenities include a CVS, gas station, restaurant, and ice cream shop. The property also enjoys proximity to Toledo Edison's adjacent paved lot, which provides access to their cell tower. This multi-tenant industrial property offers a compelling combination of income generation, expansion potential, and a highly desirable location, making it an attractive investment opportunity. The asking price is $395,000, representing a price per square foot of $30.75.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Interior Design
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Landscaping General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
10-IL · Toledo, OHZoning
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Zoning designation
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