996 Main StBowling Green, OH 43402

Property Details for 996 Main St

Year built

1984

Lot size

8.92 AC

Property size (Sq ft)

2,100 SF

Property type

Grocery and convenience stores

APN

B08-510-2504-01-010.000

APU

B08510250401010000

Description

This exceptional 6.83-acre wooded lot at 996 South Main Street in Bowling Green, Ohio, presents a unique opportunity for residential development. Located in Wood County, zip code 43402, the property's ideal location adjoins the Black Swamp Preserve, offering residents proximity to natural beauty and recreational opportunities. The asking price is $900,000. The property is currently designated as residential land and is being marketed as suitable for senior housing. Preliminary research suggests a possible R3 zoning classification, which could allow for up to 12 multi-family units per acre, significantly increasing development potential. This translates to a substantial number of potential residential units given the acreage. The property's fully wooded site provides a tranquil setting, while its convenient location offers easy access to the amenities and infrastructure of Bowling Green. Detailed property information and zoning verification are recommended before any development plans are finalized. This is a rare opportunity to acquire a large, well-located parcel of land with significant potential for a profitable residential development project in a desirable Ohio community. Interested parties should conduct their own due diligence to verify all information and zoning regulations.

• CAP approach

  CAP return

  Valuation

  6%

  $528,457

  6.5%

  $487,807

  7%

  $452,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $495,014

  Geo Method

  $495,014

• Alternative Use

  Use

  Valuation

  Residential

  $411,483

  Hospitality

  $376,916

  Educational

  $313,590

  Medical

  $324,375

  Retail

  $487,807

Location Insight

City

Bowling Green

County

Wood

State

Ohio

Latitude

41.361

Longitude

-83.6526

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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