Property profile

701 Adams St Toledo, OH 43604

OFF-MARKET
Parking lots & garages
Property ID
US66-1255901
194,073 SF Built 1979
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 11-story, Class B office building, located at 701 Adams Street in Toledo, Ohio, presents a unique investment opportunity. Boasting 200,900 square feet of space, this landmark building, constructed in 1976 (main building) and 1979 (annex), underwent renovations in 2001. The property sits on a 1.65-acre lot and is zoned for Downtown Commercial use. The main building (701 Adams Street) is currently fully vacant, offering significant potential for redevelopment or repositioning. An attached garage provides convenient parking. The adjacent annex building (711 Adams Street) is currently occupied. This prime location offers excellent visibility and accessibility, situated directly across Adams Street from the Lucas County Courthouse. Its central location places it within walking distance of numerous downtown restaurants and just two blocks from the downtown library. Furthermore, its proximity to I-75 (four blocks away) ensures easy access to major transportation routes. The efficient floor plates in the core of the main building, coupled with a conference center in the annex building, provide versatile options for future tenants. The property's size and location make it an ideal candidate for mixed-use conversion, capitalizing on the growing demand for diverse commercial spaces in the Toledo CBD.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1979
Total area 194,073 SF
Zoning code 10-CD
APN 15-49231
UPID US66-1255901

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Corporate Office

Location

701 Adams St Toledo, OH 43604-6623
Toledo metro Census 2800 TOLEDO, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$745k

Owner & transaction history

Zoning & alternative use

10-CD · Toledo, OH
Top alternative use upside
Restaurant $13.3M +48.5%
Medical building $11.9M +33.2%
Commercial (general) $10.8M +20.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 701 Adams St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message