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    6309 W Bancroft St Toledo, OH 43615

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    For Sale
    $425,000

    6.67 acre multi-family development site in Toledo, Ohio.

    Property size:
    6 SF
    Lot size:
    6.68 Acres

    Property Features for 6309 W Bancroft St

    General Information

    Size
    6 SF
    Lot size
    6.68 Acres

    Source: John Healey Agent John Healey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Toledo Development Site For Sale

    This 6.67-acre development site is zoned for Multi-Family Residential use. The property is located on West Bancroft Street in Toledo, just east of the I-475/23 interchange and adjacent to Orchard Lakes Apartments. It offers significant visibility with 260 feet of frontage on West Bancroft Street, a two-lane road featuring a center turning lane. Situated within a Community Reinvestment Area (CRA) district, the site is eligible for tax abatement for new construction. All utilities are located on site, including an 8-inch sanitary sewer line on the north side of West Bancroft Street, an 8-inch water line on the south side, and a 24-inch storm sewer line also on the south side. The property is located within the Springfield Local School District. There is potential for additional contiguous development acreage. Traffic volumes are 11,909 vehicles per day on West Bancroft Street, 8,460 vehicles per day on Dorr Street, and 90,759 vehicles per day on I-75/US23.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6926554
    Latitude
    41.6592708

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    FAQs

    What type of property is this?
    Land - 6.67 acre multi-family development site in Toledo, Ohio.
    Where is this land located?
    The property is located at 6309 W Bancroft St Toledo, OH.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Multi-Family Residential zoning on 6.67 acres, ideal for development.; - Located in a CRA district, offering tax abatement for new construction.; - Excellent visibility with 260' frontage on W. Bancroft St.
    (419) 356-5600
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    6309 W Bancroft St Toledo, OH 43615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6309 W Bancroft St Toledo, OH 43615
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