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5038-5044 Lewis Ave 4,260 SF 100% Leased Retail Building Toledo, OH 43612 $499,000 ($117.14/SF)
Investment Highlights
- Newly remodeled interior, former restaurant - FF&E included
- Multiple upgrades completed by current owner
- TARTA bus service available with stops on Lewis Ave.
- Liquor license included with the property
- Perfect for owner-occupied restaurant with option for different concepts
- FF&E items include: walk-in cooler (can be converted to a freezer), large commercial hood, etc.
Executive Summary
Opportunity to acquire two adjacent commercial buildings totaling 4,260 SF. Currently configured for restaurant use featuring two (2) commercial kitchens, dining area improvements, and back of house equipment. All FF&E is included in the sale.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,260 SF
Building Class
C
Year Built
1960
Price
$499,000
Price Per SF
$117.14
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.32 AC
Zoning
CR - Regional Commercial
Parking
14 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $57,260 | |
| Land Assessment | $6,300 | Total Assessment | $63,560 |
Property Taxes
Parcel Numbers
Land Assessment
$6,300
Improvements Assessment
$57,260
Total Assessment
$63,560
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5038-5044 Lewis Ave
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