Listing Agency: SVN Ascension Commercial Realty

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

Source: Crexi

Added: Jul 18, 2022 Changed: Oct 2 Last Checked: Oct 23 at 4:22AM

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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

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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

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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.