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    4440 Navarre Ave Oregon, OH 43616

    For Sale
    $995,000

    Prime Ohio development land, high traffic, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 16.25-acre parcel, located at 4440, 4448, and 4452 Navarre Avenue in Oregon, Ohio (Lucas County, zip code 43616), presents a remarkable opportunity for developers. Currently zoned R-1, with a proposed C-5 zoning designation in the Oregon master plan, this site offers unparalleled versatility. Its ideal location boasts high visibility and accessibility, with a daily traffic count of 16,255 vehicles on Navarre Avenue. The property features level topography and excellent drainage, measuring approximately 456 feet wide by 1,221 feet deep, with an irregular west end. Multiple existing curb cuts are in place, subject to site plan approval. The site's strategic location is surrounded by a mix of residential and commercial properties, including a C-5 zoned drive-in theater to the east and 55+ senior housing to the west. Existing utilities include an 8-inch water line on the north side, municipal storm sewers, a 15-inch sanitary sewer line on the south side, Columbia Gas, and Toledo Edison electric. Easements and restrictions are of record. The 2018 annual real estate taxes for the three parcels totaled $1,320. This property is perfect for a variety of uses, including mixed-use development, new auto sales, retail/office outlots, and residential projects such as condominiums or senior housing, aligning perfectly with the area's future development plans. This is a truly exceptional opportunity to acquire a significant land holding in a high-growth area.

    Property Features for 4440 Navarre Ave

    General Information

    Property type
    Land
    Lot Size
    707,850 SF

    HighLights

    • $995,000 asking price for 16.25 acres of land.
    • High‑traffic location on Navarre Avenue in Oregon, Ohio, with excellent visibility and 16,255 vehicles per day.
    • R‑1 zoning (proposed C‑5); suitable for mixed‑use development, including senior housing, retail, and office.
    • Level topography, multiple curb cuts, and existing utilities including water, sewer, gas, and electric.
    • Adjacent to residential areas, a drive‑in theater (C‑5 zoned), and a 55+ community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Pharmacy Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon
    County
    Lucas
    State
    Ohio
    Longitude
    -83.441365
    Latitude
    41.635607

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    FAQs

    What type of property is this?
    Land - Prime Ohio development land, high traffic, mixed-use potential.
    Where is this land located?
    The property is located at 4440 Navarre Ave Oregon, OH.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price for 16.25 acres of land.; High-traffic location on Navarre Avenue in Oregon, Ohio, with excellent visibility and 16,255 vehicles per day.; R-1 zoning (proposed C-5); suitable for mixed-use development, including senior housing, retail, and office.
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    4440 Navarre Ave Oregon, OH 43616
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    Oregon, OH 43616
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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
    4440 Navarre Ave Oregon, OH 43616
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