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Property profile & analytics
OFF-MARKET
Land

8303 Central Ave Sylvania, OH 43560

2.22 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.215-acre commercial land parcel in Sylvania, Ohio, presents a unique investment opportunity. Located at 8303, 8313, and 8321 West Central Avenue, the property boasts a General Commercial zoning designation, opening doors to a wide range of development possibilities. The land is primarily wooded, offering a tranquil setting with potential for significant development. Currently, the property includes two existing structures: a 940-square-foot rental home and a dilapidated residence slated for demolition. The asking price is $475,000, translating to approximately $214,447 per acre. This prime location within the West Toledo/Sylvania submarket offers excellent access to major roadways and a thriving community. The property's APN is 7863421, -414, -407, -631, and is situated in Lucas County, Ohio, zip code 43560. The existing rental property provides immediate income potential, while the vacant land offers substantial room for expansion or new construction. This property is ideal for developers, investors, or businesses seeking a strategic location in a growing area. The combination of existing income, prime location, and development potential makes this a compelling investment opportunity.

Property profile
Verified
Property type Land
Lot 2.22 ac (96,485 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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