516 State StToledo, OH 43604

For Sale
$325,000

1.25-acre commercial lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 1.25-acre commercial land parcel presents a unique development opportunity in the heart of Toledo, Ohio. Located at 516 State Street, between Canton and 12th Streets, the property boasts approximately 387 feet of frontage on State Street and a depth of 142 feet, including a corner lot at State and Canton Streets. The site is zoned IL - Limited Industrial/Commercial, allowing for a variety of potential uses. Its strategic location places it just two blocks from the existing and expanding Federal Courthouse on Spielbush Avenue, ensuring high visibility and accessibility. This property is situated within a Community Reinvestment Area (CRA), making it eligible for the Toledo Expansion Incentive Program and the Municipal Jobs Creation Tax Credit Program. The proximity to city and county buildings, as well as county and federal courthouses, further enhances its appeal and potential for significant return on investment. The asking price for this exceptional development opportunity is $325,000. This is a rare chance to acquire a substantial parcel in a rapidly developing area of Downtown Toledo.

Highlights

  • 1.25-acre commercial land parcel in Toledo, OH, at 516 State Street.
  • Approximately 387 feet of State Street frontage and 142 feet deep, including a corner lot.
  • Zoned IL - Limited Industrial/Commercial, offering diverse development options.
  • Located two blocks from the Federal Courthouse, providing high visibility and accessibility.
  • Situated in a Community Reinvestment Area (CRA), eligible for incentive programs.
  • Asking price: $325,000.

Property Details for 516 State St

Property type
Other land, Land
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.659502
Longitude
-83.5391889
516 State St, Toledo, Ohio

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516 State St
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