4440 Navarre Ave Oregon, OH 43616
- Commercial real estate
- 16.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4440 Navarre Ave
- Lot size
- 16.25 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oregon
- County
- Lucas
- State
- Ohio
- Longitude
- -83.441365
- Latitude
- 41.635607
