140 W. Front Street
140 W. Front Street, Perrysburg, OH 43551
Marketing description
Historic mixed-use building right outside of Downtown Perrysburg. Originally built as The Exchange Hotel. In 1832, just 16 years after Perrysburg had been laid out and named by Amos Spafford, his grandfather, Jarvis Spafford built a hotel at what is now 140 West Front Street. He called it the Exchange Hotel.
The framework for this building, which was to achieve local fame over the years, is still standing at this address, but unfortunately in a form now so altered in appearance that it is totally unrecognizable from the original.
The hotel was built of walnut logs from trees growing right in the neighborhood. It was later covered with clapboard and painted white. It followed by eight years the building of the first Wood County court house here (Perrysburg was the county seat then), a two-story log cabin virtually next door to it.
Investment highlights
- Historic mixed-use building right outside of Downtown Perrysburg. Originally built as The Exchange Hotel.
- 1st floor (commercial) - 2,080 square feet.
- 2nd floor (residential) - 1,864 square feet + outdoor balconies.
- Basement - 520 square feet.
- 1st floor recently used as an aesthetics and wellness business. Layout includes offices, some with sinks.
- Excellent visibility from Front Street, a main entryway into Perrysburg.
- Each 1st floor 'unit' has a restroom, making the 1st floor easy to divide or use as one large space.
- Upstairs apartments previously rented for $1,400 - $1,500/month. Washer/dryer on the 1st floor.
- Gas for entire property is on one meter.
- Electrical is divided into four meters.
- Recent updates include: New electrical in offices, Plumbing updates - sinks relocated in offices, New HVAC high velocity system (Spacepak Central Air), updated finishes (flooring, cabinets, countertops, etc).
- Electric heat currently not in use. Currently heated by boiler.
- Two of the three garages are currently leased on a MTM basis for $100/month.
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