Value-Add Mixed Use For Auction and The Hamilton Building

510-525 Hamilton Street, Toledo, OH 43604

  • For Sale Ten - X Auction | August 26-28, 2024
  • Property Type Office - General Office
  • Property Size 203,338 SF
  • Lot Size 9.22 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Date Updated Aug 16, 2024
Toledo is the county seat of Lucas County and the fourth-most-populous city in the state of Ohio. It is a major Midwestern port city and the principal city of the Toledo metropolitan area with a population of approximately 274,975. Its port is the fifth busiest in the Great Lakes and the 54th busiest in the United States. The University of Toledo is influential in the city, contributing to the prominence of healthcare as the city's biggest employer. The university also operates a 450-acre Health Sciences campus including the University of Toledo Medical Center, a satellite campus in Scott Park, the Center for the Visual Arts located at the Toledo Museum of Art and a research and education facility known as the Lake Erie Center. The University has a current enrollment of over 20,000 students and has expanded to include over 100 major buildings. The metro area contains four Fortune 500 companies: Dana Holding Corporation, Owens Corning, The Andersons, and Owens Illinois. ProMedica is a Fortune 1000 company headquartered in Toledo. One SeaGate is the location of Fifth Third Bank's Northwest Ohio headquarters. Toledo and its economy are influenced heavily by the surrounding educational institutions and the promise of the alternative energy industry, both of which rely on the area's colleges and universities. Cultural points of interest have grown with the universities, including the nationally recognized Toledo Museum of Art, the Valentine Theatre, the world renown Toledo Zoo, and the Toledo Metroparks and Imagination Station..

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Highlights

  • This Property Will Trade at Auction and the Reserve Price is Set to Sell - Price/Square Foot will be a Fraction of Replacement Cost
  • Seller has Owned Since 1990s and he is Retired, the Property has been Managed by Son and Daughter for 3 Years as Absentee Owners
  • Mixed-Use: Office, Warehouse, Distribution, Heavy to Light Manufacturing
  • Comprised of Three Buildings Totaling Over 200,000 SF and Two Parking Lots | Both Parking Lots are Fenced and Secure
  • Tremendous Up Side - 135,000 +/- SF Vacant Space | Many Uses: Flex Office, Art Space, Warehousing, Storage, Light to Heavy Manufacturing, Loft of Apartments on 2nd Floor of the the Warehouse
  • Influx of New Development in the NW Ohio-Toledo Corridor | The City, County and State are all Supportive of Redevelopment Projects in this Area
  • In Place Management - Seller has a Team of Long Time Employees that are Very Knowledgeable of the Property and All its Systems - They will Stay on Long-Term or Assist in the Transition
  • The In-Place Income Covers all Expenses and also Includes $155,000 in Salaries and Costs for the Four Full Time Employees
  • Building 1 Has Three Stories | Long-Term Anchor Tenant With a History Occupying This Site Dating Back to 1990s
  • Building 2 is Completely Vacant With an Operational Freight Elevator and is in Need of 2nd Floor Renovations
  • Building 3 is Fully-Occupied With Summit Academy Which Just Renewed for 2 Additional Years in 2023 and Have Been There Since 2017
  • Located Less Than 2 Miles From Downtown Toledo and 16 Miles From Toledo Express Airport | Great Location for a Distribution Company
  • Close Proximity to Turnpike 80, Interstate 75 and Interstate 475 | Building is Accessible to 74% of US Markets with in a 24 hour - Long Haul
  • Buildings Electrical Power is 3-Phase 460 Allowing for Heavy to Light Duty Manufacturing. Building 3 First Floor is Easily Scalable for Manufacturing-Assembly | Step Down Transformers to Accommodate 220 Throughout

Contacts

broker

Brandon Kassab

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    56/100 Somewhat Walkable

  • Bike Score ®

    42/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Toledo, OH
  • Neighborhood Onyx
  • Zip Code 43604
  • Market Toledo

Points of Interest

  • Gateway Express

    0.73 miles

  • Shell

    0.87 miles

  • City of Toledo Gas Station (Private)

    1.42 miles

  • Sunoco

    1.58 miles

  • Mobil

    1.67 miles

  • AmeriStop

    2.43 miles

  • BP

    2.43 miles

  • Mobil

    2.53 miles

  • Speedway

    2.54 miles

  • Stop & Go

    2.57 miles

  • Spaghetti Warehouse Parking

    0.81 miles

  • 624 Monroe Street

    0.92 miles

  • Port Lawrence Parking

    1.10 miles

  • Kwik Parking - Courthouse Parking

    1.15 miles

  • ProMedica Parking Garage

    1.15 miles

  • Arena Parking

    1.20 miles

  • Kwik Parking

    1.22 miles

  • Lot 22

    2.01 miles

  • Lot 22W

    2.10 miles

  • Lot 23E

    2.28 miles

  • Park Inn by Radisson Toledo, OH

    1.03 miles

  • Park Inn Toledo

    1.04 miles

  • The Hamlin Inn

    1.21 miles

  • Renaissance Toledo Downtown Hotel

    1.35 miles

  • Days Inn Toledo

    1.88 miles

  • Americas Best Value Inn Northwood

    2.48 miles

  • BridgePointe Inn & Suites

    2.68 miles

  • University Circle Apartments

    3.63 miles

  • Radisson Hotel at The University of Toledo

    3.82 miles

  • TownePlace Suites Toledo Oregon

    3.93 miles

  • McDonald's

    0.59 miles

  • Green Lantern

    0.65 miles

  • Original Sub Shop & Deli

    0.66 miles

  • Souk Mediterranean Kitchen & Bar

    0.69 miles

  • Grumpy's

    0.76 miles

  • Little Caesars

    0.78 miles

  • Spaghetti Warehouse

    0.79 miles

  • Taco Bell

    0.82 miles

  • Michael's Bar & Grill

    0.82 miles

  • Ye Olde Cock n Bull

    0.83 miles

  • Jones Leadership Academy

    0.17 miles

  • Ella P. Stewart Academy for Girls

    0.47 miles

  • Queen of Apostles School

    0.69 miles

  • Westfield Elementary School

    0.69 miles

  • Non Denominational Bible School

    0.81 miles

  • Glass City Academy

    0.85 miles

  • Pickett Elementary School

    0.85 miles

  • Martin Luther King, Jr. Elementary School

    1.00 miles

  • Mercy College

    1.02 miles

  • University of Toledo at SeaGate Campus

    1.04 miles

  • McKesson Preschool (historical)

    2.17 miles

  • Toledo Day Nursery

    2.72 miles

  • Learners for Life Child Development Center

    2.74 miles

  • Educare Academy

    3.09 miles

  • Concordia Christian Early Learning Center

    4.15 miles

  • Children's Discovery Center

    5.62 miles

  • KinderCare

    6.84 miles

  • Sensational Kids Daycare

    6.98 miles

  • Wynn Center

    7.42 miles

  • Little Miracles Montessori School

    8.25 miles

Frequently Asked Questions

How much does Value-Add Mixed Use For Auction and The Hamilton Building cost?

The sale price for Value-Add Mixed Use For Auction and The Hamilton Building is available upon request. Contact the listing broker for more information.

What is the total square footage of Value-Add Mixed Use For Auction and The Hamilton Building?

Value-Add Mixed Use For Auction and The Hamilton Building totals 203,338 square feet.

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Contact Listing Broker

broker

Brandon Kassab

Encore Real Estate Investment Services