Skip To Content
    Return to Previous Page

    723 Phillips

    Toledo, OH 43612
    • $345,000
    • STATUS: Active
    • ON SITE: 19 days
    • MLS #: 6066216
    UPDATED: 81 min ago
    $345,000
    • 0
      BEDS
    • 1.85
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,836
      SQFT
    • $22
      $/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.

    Monthly Payment Calculator



    © 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: 2021-03-01T00:24:34.273.
    www.toledohomesellers.com/homes/114070276
    Print Image

    723 Phillips Toledo, OH 43612

    • Price: $345,000
    • Status: Active
    • Updated: 81 min ago
    • MLS #: 6066216
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.85
    Acres
    15,836
    SQFT
    $22
    $/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 Concrete Loading None Parking 31+ Spaces Roof Asphalt

    Interior Features

    Ceiling Height 0-10 Feet11-15 Feet Cooling Central Air Flooring CarpetConcreteTile Foundation Slab Heat Fuel Natural Gas Heating Heat Pump Office Sq Ft 15308 Water Heater Gas

    Property Features

    Accessibility Features YN No Annual Operating Expense 47869 Annual Operating Income 126996 Auction YN No Business Type Other Docs Available FinancialLeasesLegal Includes Real Estate Lead Base Paint Discl YN Yes Lease Information 1 Year Licenses Required None Location Commercial Park Miscellaneous 4+ Restrooms Occupied By Tenant Owner Expense TaxesWater Possession At Close Property Disclosure YN No Property Sub Type Commercial/Industrial/Business Semi Annual Taxes 5849.0000 Service Restrictions Entry Only Sewer Sanitary Tax1 5060.0000 Tax2 789.0000 Tenant Expense Electric Terms CashConventional Type Commercial Water Public Zoning 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: 2021-03-01T00:24:34.273.
     
    https://bt-photos.global.ssl.fastly.net/toledo/orig_boomver_1_6066216-2.jpg https://bt-photos.global.ssl.fastly.net/toledo/orig_boomver_1_6066216-2.jpg https://bt-photos.global.ssl.fastly.net/toledo/orig_boomver_1_6066216-2.jpg
    Logo
    Key Realty
    5425 Southwyck Blvd Suite 240
    Toledo OH, 43614