5360 Heatherdowns Blvd Toledo, OH 43614-4603
- Office buildings
- 7,654 SF
- 0.71 lot acres
Current Use by Public Records
- Harold M Lincoln Co / Food Broker
- ATS Plus School of Business / School
Property Details for 5360 Heatherdowns Blvd
- Year built
- 1974
- Lot size
- 0.71 lot acres
- Property size
- 7,654 SF
- Zone code
- 10-CO
- Property type
- Office buildings
- APN
- 07-70451
- APU
- 770451
Description
This exceptional two-story office building, situated at 5360 Heatherdowns Blvd in Toledo, Ohio, presents a compelling investment opportunity. Spanning 7,654 square feet on a 0.709-acre lot, this traditional office building boasts a gross lease structure and currently enjoys 50% occupancy. Built in 1974, the property features 38 parking spaces, providing ample convenience for tenants and visitors. The building is zoned 10CO Office Commercial and offers two curb cuts, one each on Heatherdowns and Cheyenne, enhancing accessibility. The property's strategic location provides immediate access to the Ohio Turnpike and is in close proximity to the Amazon Fulfillment Center on Reynolds Rd. The entire second floor is currently available for lease, presenting a significant opportunity to increase occupancy and rental income. The asking price is $367,000, translating to $47.95 per square foot. This multi-tenant property offers a strong foundation for immediate income generation and future growth potential. The property's parcel number is 00770451. This is a rare opportunity to acquire a well-located, established office building in a thriving area of Toledo.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6691
- Latitude
- 41.595
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
