Property summary
This vacant, two-story traditional office building at 3634 Navarre Avenue in Oregon, Ohio, presents a compelling investment opportunity. The 3,032 square foot building, constructed in 1908, is situated on a 0.296-acre corner lot at the intersection of Navarre Avenue and Schmidlin Road, offering excellent visibility. The property is zoned C-5 Navarre Ave. Business District and boasts a highly desirable location, directly across the street from a Walmart. Convenient access to I-280 is just 1.5 miles away. The building features a total of seven office/exam rooms, distributed across the first and second floors. Additional space includes a basement for storage and a two-car garage. Four on-site parking spots are available for convenience. The asking price is $239,900, translating to $79.12 per square foot. This Class C building offers significant potential for a variety of uses, given its size, location, and existing infrastructure. The property's vacant status allows for immediate occupancy and customization to suit a new owner's specific needs. The Lucas County location and proximity to major roadways make this a highly attractive investment. The property's APN is 44-68057.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
40-C5 · Oregon, OHZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 40-C5 in Oregon, OH.
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