2965 Danbury Rd Port Clinton, OH 43452
- Commercial real estate
- 44.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2965 Danbury Rd
- Lot size
- 44.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional 44.5-acre parcel in Port Clinton, Ohio, presents a unique multifamily development opportunity in a highly desirable vacation destination. Zoned R-C Recreational Commercial, the land is approved for a project encompassing approximately 120 condominium units and 15 boat storage buildings. Currently, 20 dock slips are in place, with plans for an additional 40, pending U.S. Army Corps of Engineers approval. Condominium owners will enjoy access to a private beach and spectacular water views. The property's strategic location offers easy access to popular attractions, including Marblehead (15 minutes away), Cedar Point (25 minutes away), and Put-in-Bay & Kelly's Island (45 minutes away). This development builds upon a successful first phase, where all single-family homes and lots have already been sold. The existing infrastructure and high demand in this area make this a compelling investment prospect with significant potential for substantial returns. Nearby comparable 3-bedroom multi-unit condominiums are currently selling in the $450,000 range. This is a rare chance to capitalize on the thriving Lake Erie tourism market and create a premier waterfront community. The property is located at 2965 S Danbury Rd, Port Clinton, OH 43452.
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
- Port Clinton
- County
- Ottawa
- State
- Ohio
- Longitude
- -82.8198967
- Latitude
- 41.4966772
