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    2567 Bancroft St Toledo, OH 43607

    Sponsored
    For Sale
    $1,895,000

    Prime 2.14-acre development site near UT.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.143-acre land parcel, located at 2567 W Bancroft Street in Toledo, Ohio (APN 11-65319), presents a unique investment opportunity. Zoned CR – Regional Commercial, this site boasts a previously approved plan for a four-story student housing complex, capitalizing on its adjacency to the University of Toledo's 21,000-student campus. The property's strategic location offers unparalleled visibility and accessibility, with 15,850 vehicles traversing W. Bancroft Street daily. Enjoy breathtaking views overlooking Ottawa Park and golf course, and the Ottawa River. Furthermore, its proximity to ProMedica Toledo Hospital Campus, ranked among the top 50 hospitals in the USA, adds significant value. This redevelopment land is eligible for CRA funds and tax abatement on new construction, making it an exceptionally attractive proposition for developers seeking a high-return investment in a thriving urban setting. The property's potential is further enhanced by its convenient location, just five minutes from the hospital campus. This is a rare opportunity to acquire a prime development site in a high-demand area with significant potential for future growth and profitability.

    Property Features for 2567 Bancroft St

    General Information

    Property type
    Land
    Lot Size
    93,349 SF

    HighLights

    • High‑profile corner location with excellent visibility and accessibility.
    • 10,000+ square feet of versatile commercial space ideal for a variety of uses.
    • Recently renovated interior featuring modern finishes and updated systems.
    • Ample on‑site parking available for tenants and customers.
    • Strategically located in a high‑traffic area with strong demographics.
    • Flexible lease terms available to accommodate tenant needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6061554
    Latitude
    41.6625266

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    FAQs

    What type of property is this?
    Land - Prime 2.14-acre development site near UT.
    Where is this land located?
    The property is located at 2567 Bancroft St Toledo, OH.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: High-profile corner location with excellent visibility and accessibility.; 10,000+ square feet of versatile commercial space ideal for a variety of uses.; Recently renovated interior featuring modern finishes and updated systems.
    Request Owner's contact information
    2567 Bancroft St Toledo, OH 43607
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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
    2567 Bancroft St Toledo, OH 43607
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