5057 Lewis Ave Toledo, OH 43612
- Outlet malls
- 20,420 SF
- 1.27 lot acres
Jan 22, 2025
Current Use by Public Records
- Lucky's Thrift Store / Thrift Store
- Budget Mans Flea MRket / Market
- Dollar Giant Flea Market / Flea Market / Discount Store
Property Details for 5057 Lewis Ave
- Year built
- 1953
- Lot size
- 1.27 lot acres
- Property size
- 20,420 SF
- Zone code
- 10-CR
- Property type
- Outlet malls
- APN
- 09-81087
- APU
- 981087
Description
This 20,120-square-foot vacant flex space at 5057 Lewis Avenue in Toledo, Ohio, presents a compelling redevelopment opportunity. The Class A industrial property, built in 1953, sits on a 1.269-acre lot with four street frontages, offering excellent visibility and accessibility. Currently zoned CR, rezoning to IL is anticipated. The building features an 8-foot ceiling height, 85+ parking spaces, an overhead door with a lift, and prominent pylon and overhead door signage. The property's location near major employers like GM and Stellantis Jeep plants, and proximity to I-75 and northend industrial parks, makes it strategically advantageous. While previously leased to a flea market on a modified gross lease (with a 90-day termination clause), the property is currently vacant, allowing for complete customization to suit a variety of uses. The building is a block structure with a brick façade, and lacks sprinklers, gas blowers, and air conditioning. A TARTA bus stop is conveniently located directly in front of the building on Lewis Avenue. The asking price is $395,000, representing a price per square foot of $24.60. The property's APN is 0981087. This is a NNN lease property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $250,000
- ML approach
- $390,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.5667
- Latitude
- 41.7088
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
