2567 Bancroft St Toledo, OH 43607
- Commercial land
- 32,359 SF
- 2.75 lot acres
Current Use by Public Records
- Commercial land
Property Details for 2567 Bancroft St
- Year built
- 1956
- Lot size
- 2.75 lot acres
- Property size
- 32,359 SF
- Zone code
- 10-CM
- Property type
- Commercial land
- APN
- 11-65319
- APU
- 1165319
Description
This exceptional 2.143-acre land parcel, located at 2567 W Bancroft Street in Toledo, Ohio (APN 11-65319), presents a unique investment opportunity. Zoned CR – Regional Commercial, this site boasts a previously approved plan for a four-story student housing complex, capitalizing on its adjacency to the University of Toledo's 21,000-student campus. The property's strategic location offers unparalleled visibility and accessibility, with 15,850 vehicles traversing W. Bancroft Street daily. Enjoy breathtaking views overlooking Ottawa Park and golf course, and the Ottawa River. Furthermore, its proximity to ProMedica Toledo Hospital Campus, ranked among the top 50 hospitals in the USA, adds significant value. This redevelopment land is eligible for CRA funds and tax abatement on new construction, making it an exceptionally attractive proposition for developers seeking a high-return investment in a thriving urban setting. The property's potential is further enhanced by its convenient location, just five minutes from the hospital campus. This is a rare opportunity to acquire a prime development site in a high-demand area with significant potential for future growth and profitability.
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
- Toledo
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6065
- Latitude
- 41.6625
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
