Listing Agency: SVN Ascension Commercial Realty

Listed By: John Healey · License #OH 0000395705 Show Phone

Source: Crexi

Added: Jul 18, 2022 Changed: Aug 31 Last Checked: Sep 3 at 3:25AM

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Investment Insights

Based on property information with market context.

This 6.67-acre development site is located on West Bancroft Street in Toledo, Ohio, just east of I-475/23. The commercially zoned parcels are designated for multi-family residential use. The site is adjacent to Orchard Lakes Apartments and benefits from excellent visibility with 260 feet of frontage on West Bancroft Street, which is a two-lane road with a center turning lane. The property is located in a Community Reinvestment Area (CRA) district, offering potential tax abatement for new construction.

Key Highlights

• 6.67‑acre development site.
• Zoned Multi‑Family Residential.
• Located in a CRA district, offering tax abatement for new construction.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

214

Businesses Nearby

Explore this area Business Placement

Demographics for 43615, OH

39,449

Population

19,620

Households

2

Avg Household Size

40

Median Age

28%

College-Educated

93%

High-School Grad

16.5 sq mi

ZIP Area

2,391

Density / Sq Mi

$58,466

Median Household Income

$38,196

Median Earnings

$1,014

Median Rent

$137,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - 6.67-acre commercially zoned land for sale in Toledo, Ohio.

Where is this commercial land located?

The property is located at 6309 & 6323 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: 6.67‑acre development site.; Zoned Multi‑Family Residential.; Located in a CRA district, offering tax abatement for new construction.