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    723 Phillips Avenue

    Toledo, OH 43612
    • $310,000
    • STATUS: Active
    • ON SITE: 95 days
    • MLS #: 6066216
    UPDATED: 154 min ago
    $310,000
    • 0
      BEDS
    • 1.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,836
      SQFT
    • $20
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    School District:

    Description

    6 Parcels totaling 1.8 acres. The Property is a two-story multi-tenant office building, located north of I-75. Also included with the Property is the parking lot for the professional center and surrounding parcels of land. Tenants are paying lower than market rent. Additionally, the leases are either short-term in nature or month-to-month, creating the ability for new owners to secure new tenants paying a higher rental rate and terminating the lower paying leases. At the current rents, a new owner can still offer below market rent and still make a significant gain. AOI on full occupancy.

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    © 2021 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Broker Reciprocity information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated at least every 12 hours; data last updated: 2021-05-16T00:24:56.82.
    www.toledohomesellers.com/homes/114070276
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    723 Phillips Avenue Toledo, OH 43612

    • Price: $310,000
    • Status: Active
    • Updated: 154 min ago
    • MLS #: 6066216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.85
    Acres
    15,836
    SQFT
    $20
    $/SQFT
    1953
    Built
    Neighborhood:
    012 - Tremainsville
    County:
    Lucas
    Area:
    012 - Tremainsville
    School District:
    Washington
    Property Description
    6 Parcels totaling 1.8 acres. The Property is a two-story multi-tenant office building, located north of I-75. Also included with the Property is the parking lot for the professional center and surrounding parcels of land. Tenants are paying lower than market rent. Additionally, the leases are either short-term in nature or month-to-month, creating the ability for new owners to secure new tenants paying a higher rental rate and terminating the lower paying leases. At the current rents, a new owner can still offer below market rent and still make a significant gain. AOI on full occupancy.
    Exterior Features

    Construction Materials Concrete Foundation Details Slab Levels Two Lot Size Area 1.85 Lot Size Units Acres Parking 31+ Spaces Parking Features Parking Space(S) Roof Asphalt

    Interior Features

    Appliances Gas Water Heater Cooling Central Air Cooling YN Yes Flooring CarpetConcreteTile Heating Heat PumpNatural Gas Heating YN Yes Main Level Bathrooms 0

    Property Features

    Building Features Public Restrooms Business Type Other Current Use Commercial Disclosures Lead Based Paint DisclosureSellers Disclosure Not Available Inclusions Real Estate Lease Term 12 Months Listing Terms CashConventional Net Operating Income 79127 Occupant Type Tenant Operating Expense 47869 Owner Pays TaxesWater Possession Closing Property Sub Type Business Property Sub Type Additional Commercial Sewer Sanitary Tenant Pays Electricity Water Source Public Zoning Description Commerial

    Listing provided courtesy of Key Realty. © 2021 NORIS. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.


    © 2021 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than Key Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or Key Realty. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Broker Reciprocity information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated at least every 12 hours; data last updated: 2021-05-16T00:24:56.82.
     
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    Key Realty
    5425 Southwyck Blvd Suite 240
    Toledo OH, 43614