618 2nd St - Freestanding FOR SALE


Toledo, OH 43605- East Toledo
$249,500 USD
419-960-4410
618 2nd St, Toledo, OH for Sale
$249,500 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

618 2nd St
Toledo, OH 43605
East Toledo


HIGHLIGHTS

  • Located in a Qualified Opportunity Zone, offering potential tax incentives for investors.
  • Two blocks from the $225 million Glass City Metropark and $28.5 million Riverwalk project.
  • Historic 1953 structure with unique architectural character and adaptive reuse potential.
  • Features include a box-truck-compatible loading dock and surface parking for 6+ vehicles.
  • Excellent connectivity to I-75 and I-280, with nearby access to Toledo Express Airport.
  • Positioned near a retail center and within an area benefiting from significant redevelopment investment.

OVERVIEW

This unique two-story property offers 7,980 square feet of adaptable space in East Toledo’s revitalizing district. Positioned within a Qualified Opportunity Zone, the asset provides significant tax advantages for investors seeking long-term growth. Originally constructed in 1953 as Toledo’s first postal substation, the building retains distinctive architectural elements, including original catwalks and structural features that lend themselves to creative redevelopment concepts. Located just two blocks from the $225 million Glass City Metropark and the recently completed $28.5 million Riverwalk infrastructure project, the property benefits from a surge of public and private investment in the area. The site offers 124 feet of frontage along 2nd Street, a box-truck-compatible loading dock, and adjacency to a retail center with ample excess parking. With its flexible CS zoning and proximity to major highways (I-75 and I-280), this property is well-suited for adaptive reuse, including hospitality, retail, or mixed-use concepts. Investors will appreciate the property’s strategic location within a growing urban core, supported by over $167 million in secured funding for riverfront redevelopment. This is a rare opportunity to acquire a historically significant building with strong upside potential in a market undergoing transformative change.

FOR SALE DETAILS

PRICE

$249,500 USD

PRICE/SF

$31 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CS

APN/PARCEL ID

17-03364,17-03367

ASK ABOUT THIS PROPERTY

Kevin CarrNAI Harmon GroupMore Info
419-960-4410

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Kevin CarrNAI Harmon GroupMore Info
419-960-4410

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