419-473-5587
1015 New York Ave, Toledo, OH for Sale
Distribution - FOR SALE
1/23
null | Request Cap Rate

NEW


1015 New York Ave
Toledo, OH 43611
Lagrange


HIGHLIGHTS

  • 60,804 SF Cold Storage / Food Processing Facility
  • 700-Pallet Freezer Capacity (-10°F)
  • R-507A Refrigeration System — Upgraded 2023
  • 3,000 Amp, 3-Phase Heavy Power — Upgraded 2023
  • 4 Rail-Served Dock Positions — Watco Rail Spur
  • SQF-Certified Food Processing Facility

OVERVIEW

PROPERTY OVERVIEW An exceptional opportunity to acquire a fully operational, SQF-certified cold storage and food processing facility in Toledo, Ohio. Originally constructed in 1975 and comprehensively renovated in 2023 — including roof replacement, refrigeration system upgrade, electrical/power upgrade, and dock door improvements — this 60,804 SF facility is move-in ready for a wide range of food manufacturing, cold storage, and distribution users. The building sits on approximately 10 acres with an additional ~6 acres of contiguous expansion land, providing meaningful runway for a growing operation. BUILDING SPECIFICATIONS 60,804 SF cold storage / food processing facility 26' clear height 27 total dock doors, including 9 refrigerated dock positions 4 rail-served dock positions via active Watco rail spur 700-pallet freezer capacity at -10°F Heavy power: 3,000 Amp, 3-phase electrical service R-507A refrigeration system (recently upgraded) SQF-certified food processing facility 2023 CAPITAL IMPROVEMENTS The 2023 renovation addressed the building's major systems comprehensively: new roof, upgraded R-507A refrigeration system, electrical/power upgrades, and dock door improvements. This level of investment significantly reduces near-term capital requirements for an incoming owner-user. SALE SITUATION The property is offered for sale as a result of the owner's retirement. This is a rare, arm's-length opportunity to acquire an operating cold storage asset in the Toledo market — a building of this specification and SQF certification status seldom comes available. LOCATION & LOGISTICS 1015 New York Ave. is strategically located within Toledo's industrial corridor with direct access to three major interstates: I-75, I-280, and the I-80/90 Ohio Turnpike. The property is served by a Watco rail spur, providing a competitive multimodal advantage. The Port of Toledo — the fifth-busiest port on the Great Lakes — is minutes away, providing direct access to the Great Lakes/St. Lawrence Seaway system for bulk and break-bulk cargo movements. Major market proximity (approximate driving distances): Detroit, MI — 60 miles Cleveland, OH — 115 miles Columbus, OH — 145 miles Cincinnati, OH — 200 miles Chicago, IL — 245 miles Pittsburgh, PA — 200 miles This location places 1015 New York Ave. within overnight truck range of over 50% of the U.S. population — a critical advantage for food distribution and cold chain logistics operations. IDEAL USES The facility is well-suited for food and beverage manufacturers, cold storage and 3PL operators, food distributors, and frozen/refrigerated product companies seeking an SQF-certified, rail-connected platform in a central Midwest location. The ~6-acre expansion parcel adds optionality for additional warehouse development, truck courts, or trailer storage. PRICING Pricing available upon request. Qualified buyers are encouraged to contact the listing broker directly.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Food Processing, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Lighting - Metal Halide, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

26 Ft

DOCKS

27

DRIVE INS

5

PARKING SPACES

80

LAND DETAILS

LAND ACRES

16

LAND SF

696,960

ZONING

IG - General Industrial

APN/PARCEL ID

11-19391

ASK ABOUT THIS PROPERTY

Christopher MarkhoIndustrial Property BrokersMore Info
419-473-5587

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Christopher MarkhoIndustrial Property BrokersMore Info
419-473-5587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.