5057 Lewis AveToledo, OH 43612

For Sale
$395,000

20,120 SF Flex Space, Vacant, $395K

Overview

Added:
Dec 11, 2024
Days on market:
92
This 20,120-square-foot vacant flex space at 5057 Lewis Avenue in Toledo, Ohio, presents a compelling redevelopment opportunity. The Class A industrial property, built in 1953, sits on a 1.269-acre lot with four street frontages, offering excellent visibility and accessibility. Currently zoned CR, rezoning to IL is anticipated. The building features an 8-foot ceiling height, 85+ parking spaces, an overhead door with a lift, and prominent pylon and overhead door signage. The property's location near major employers like GM and Stellantis Jeep plants, and proximity to I-75 and northend industrial parks, makes it strategically advantageous. While previously leased to a flea market on a modified gross lease (with a 90-day termination clause), the property is currently vacant, allowing for complete customization to suit a variety of uses. The building is a block structure with a brick façade, and lacks sprinklers, gas blowers, and air conditioning. A TARTA bus stop is conveniently located directly in front of the building on Lewis Avenue. The asking price is $395,000, representing a price per square foot of $24.60. The property's APN is 0981087. This is a NNN lease property.

Highlights

  • 20,120 SF freestanding retail building.
  • Currently zoned CR, with anticipated IL rezoning.
  • Leased to a flea market at $4,000/month, modified gross lease, subject to 90-day termination upon sale.
  • Excellent location near GM and Stellantis Jeep plants, and I-75 northend industrial parks.
  • Features an overhead door with lift.
  • Four-sided access with frontage on four streets.

Property Details for 5057 Lewis Ave

Property type
Other industrial properties, Flex space
Square Feet
20,120 SF
Class
A
Year Built
1953
Lot Size (sq. ft)
55,278 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.70867548
Longitude
-83.56610369
5057 Lewis Ave, Toledo, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5057 Lewis Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message