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2044-2048 Starr Ave
Toledo, OH 43605
Cutcher's corner · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in a highly sought-after area, offering excellent visibility and foot traffic for the storefronts,
- Turnkey Commercial Spaces: The three storefronts are move-in ready, providing immediate revenue potential for retailers
- Steady Rental Income: The two Section 8 certified apartments are fully rented and updated
EXECUTIVE SUMMARY
Owner retiring. This renovated brick building offers prime investment potential with commercial and residential opportunities:
Three Storefronts: Ready for immediate occupancy, perfect for retail, cafes, or services.
Two Rented Apartments: Section 8 certified, recently updated, generating steady rental income.
Renovated: New interior finishes, updated plumbing, electrical, and a restored exterior.
Flexible Layout: Ideal for businesses, investors, or developers.
Three Storefronts: Ready for immediate occupancy, perfect for retail, cafes, or services.
Two Rented Apartments: Section 8 certified, recently updated, generating steady rental income.
Renovated: New interior finishes, updated plumbing, electrical, and a restored exterior.
Flexible Layout: Ideal for businesses, investors, or developers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,000 SF
Building Class
C
Year Built
1917
Price
$270,000
Price Per SF
$38.57
Cap Rate
17%
NOI
$45,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.21
Lot Size
0.13 AC
Zoning
CR
Parking
7 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
108’ on Starr Ave
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 16-05781 | Improvements Assessment | $26,635 |
| Land Assessment | $3,955 | Total Assessment | $30,590 |
PROPERTY TAXES
Parcel Number
16-05781
Land Assessment
$3,955
Improvements Assessment
$26,635
Total Assessment
$30,590
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