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1330 Nebraska Ave
Toledo, OH 43607
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,262 SF
Building Class
C
Year Built
1930
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.11 AC
Zoning
CR - Designated for larger-scale commercial activities that serve a regional market, such as shopping centers, large retail stores, etc.
Frontage
62’ on Nebraska Ave

ABOUT 1330 NEBRASKA AVE , TOLEDO, OH 43607

This commercial retail building needs a complete rehab (roof, interior, plumbing, etc), but has great potential. The retail area on the first floor used to be occupied by a barber shop, and is still setup for that. In addition to that, there are 3 apartment units (2 on the upper floor and one on the lower), which would provide a great revenue stream. The lot next door is empty and owned by the city, which could likely be purchased for next to nothing and used for parking. There is on-street parking as well. The building contains about 4000 square feet in total plus a full basement. Asking $15,000 Taxes are low and only about $800 per year. Once rehabbed, you can apply for a 10 year property tax exemption on the increased property value of the fixed-up building, keeping the price at that rate! This building is about 3 miles driving from downtown, and is located on a fairly busy road (Nebraska), with great visibility for retail.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-41684
Land Assessment
$1,855
Improvements Assessment
$0
Total Assessment
$1,855
  • Listing ID: 5950031

  • Date on Market: 2/21/2017

  • Last Updated:

  • Address: 1330 Nebraska Ave, Toledo, OH 43607

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