306 Summit StToledo, OH 43604

This exceptional industrial property, located at 306 S. Summit St in Toledo, Ohio, presents a compelling investment opportunity. The 8,696 square foot warehouse, built in 1950 and renovated in 2004, sits on a 0.21-acre lot and boasts a desirable IL Limited Industrial zoning. The building features two stories, with ceiling heights ranging from 10 to 12 feet, providing ample storage and operational space. Currently occupied by a month-to-month tenant paying $3,600 per month plus utilities, possession will be granted upon closing, subject to the tenant's rights. The basement serves as a storage area, while the second floor offers potential for conversion into office or residential loft space. The property includes eight parking spaces and benefits from a new EPDM rubber roofing system with tapered insulation and flashing installed in 2019. A land survey is available. This centrally located warehouse, in Toledo's Middle Grounds District, offers a unique blend of existing income and future development potential, making it an attractive asset for discerning investors. The property's APN is 03614: 07171002. The asking price is $425,000, translating to $48.87 per square foot.