For Sale
$325,000

516 State St Toledo, OH 43604

1.25-acre commercial lot, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
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
Land
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.659502
Longitude
-83.5391889

FAQs

What type of property is this?
Land - 1.25-acre commercial lot, prime location.
Where is the land located?
The property is located at 516 State St Toledo, OH.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
516 State St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message