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306 S Summit St 8,696 SF Flex Building Toledo, OH 43604 $425,000 ($48.87/SF)
Investment Highlights
- 8,696 SF two-story industrial building.
- Drive-in door and receiving dock access.
- Located in Toledo’s Middlegrounds District.
- Zoned IL Limited Industrial.
- Basement and second-floor storage/office space.
Executive Summary
• Building is currently occupied by a month-to-month tenant. Tenant is paying $3,600/mo. plus utilities. Possession shall be given subject to tenant's rights upon closing. Hafner’s occupies the entire building.
• 2nd fl. storage space could be turned into a nice office loft or residential loft.
• Basement area is currently used as a material storage area for Hafner’s Sheet Metal & Supply.
• New roofing system - EPDM (rubber) and tapered insulation/flashing in 2019.
• Land survey is on file.
• Located in the center of the Middlegrounds District.
• 2nd fl. storage space could be turned into a nice office loft or residential loft.
• Basement area is currently used as a material storage area for Hafner’s Sheet Metal & Supply.
• New roofing system - EPDM (rubber) and tapered insulation/flashing in 2019.
• Land survey is on file.
• Located in the center of the Middlegrounds District.
Property Facts
| Price | $425,000 | No. Stories | 2 |
| Price Per SF | $48.87 | Year Built/Renovated | 1950/2004 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 0.92/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 10’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.21 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 8,696 SF | ||
| Zoning | IL - Limited Industrial | ||
| Price | $425,000 |
| Price Per SF | $48.87 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.21 AC |
| Rentable Building Area | 8,696 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2004 |
| Tenancy | Single |
| Parking Ratio | 0.92/1,000 SF |
| Clear Ceiling Height | 10’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IL - Limited Industrial |
Utilities
- Heating
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 04-03614 | Improvements Assessment | $41,685 |
| Land Assessment | $3,885 | Total Assessment | $45,570 |
Property Taxes
Parcel Number
04-03614
Land Assessment
$3,885
Improvements Assessment
$41,685
Total Assessment
$45,570
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306 S Summit St
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