1 St Clair StToledo, OH 43604

For Sale
$2,250,000

Historic building, high occupancy, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 1 S Saint Clair Street in Toledo, Ohio, presents a compelling investment opportunity. The 13,900 square foot building, constructed in 1889, boasts a prime location in the heart of Toledo's Central Business and Warehouse Districts, directly across from Fifth Third Field and within walking distance of The Huntington Center and the renovated Glass City Center. The building features four stories, with floors one and two configured as office/flex space, a penthouse residence on the third floor complete with a private rooftop patio, and an additional 4,200 square feet of basement area. Currently operating at 88% occupancy with eight tenants under gross lease agreements, this stabilized investment offers a strong cash flow. The property includes 20 parking spaces – 14 in a fenced lot on-site and 6 additional spaces directly behind the building, all monitored by security cameras. Convenient access is provided by a curb cut on S Saint Clair Street and additional back alley access. The 0.199-acre lot is zoned for Downtown Commercial use, allowing for a variety of commercial and mixed-use applications. The building's 18,100 square feet of net rentable space is priced at $161.87 per square foot, with an asking price of $2,250,000. The potential to generate additional income from parking during downtown events further enhances this attractive investment prospect. Detailed financials are available upon request.

Highlights

  • 13,900 SF mixed-use building with 1st & 2nd floors as office/flex space, a 3rd-floor penthouse with private rooftop patio, and 4,200 SF of basement space.
  • 20 parking spaces: 14 in a fenced, secured lot and 6 additional spaces.
  • Convenient access via curb cut on S. Saint Clair St. and back alley access.
  • Potential for supplemental income from event parking.
  • Financial details available upon request.

Property Details for 1 St Clair St

Property type
Other office properties, Other mixed-use properties
Square Feet
13,900 SF
Class
B
Year Built
1889
Buildings
1
Stories
4
Lot Size (sq. ft)
8,668 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.6471206
Longitude
-83.5380508
1 St Clair St, Toledo, Ohio

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1 St Clair St
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