Catylist ID:
#30680008
2294 Albion Street
Multi-Family
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30680008 |
| Property Subtypes: | Mixed Use |
| Number of Units: | See Agent |
| Building Size (RSF): | 39,335 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.78 Acres |
| Sale Price: | $125,000 |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/30/2023 |
Overview / Comments
|
• Great opportunity for multi-family redevelopment with first floor office or commercial space. • Building needs major renovations but has good bones and most utilities remain in place. • First floor and rear building, most recently used as a resale shop/antique shop. • Half of the apartment units just need minor updates, but some units require major rehab. • Possible uses – would make a nice group home for transitional housing or a recovery center. • Various floorplans and configurations are a possibility. • Rear building has an inoperable freight elevator. • Open concrete porch in rear needs to be replaced. • Roof needs some repairs but has held up relatively well. • All offers will be subject to Lucas County Land Bank approval and proof of funds will be necessary. • Waiver of liability will be required to show. |
Attachments & Media
Additional Details
| Nearest MSA: | Toledo |
| County: | Lucas |
| Tax ID/APN: | 0108444 |
| Zoning: | 10 - MX MIXED ZONE |
| Property Located Between: | on the corner of Albion & Milburn |
| Property Condition: | Fair |
| Number of Stories: | 3 |
| Year Built: | 1900 |
| Roof Type: | Flat |
| Parking Type: | Surface |
| Total Parking Spaces: | 20 |
| Freight Elevators: | 1 |
| Sprinklers: | None |
| Heat Type: | Other |
| Heat Source: | Other |
| Fuel: | Other |
| Air Conditioning: | Other |
| Water Service: | Municipal |
| Sewer Type: | Municipal, Storm |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,871 | 152,053 | 289,330 |
| Median Age: | 35.55 | 33.07 | 35.5 |
| Households: | 7,393 | 60,697 | 118,912 |
Contact
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