2567 Bancroft StToledo, OH 43607

Property Details for 2567 Bancroft St

Year built

1956

Lot size

2.75 AC

Property size (Sq ft)

32,359 SF

Zone code

10-CM

Property type

Land

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $6,340,563

  Hospitality

  $5,807,922

  Educational

  $4,832,123

  Medical

  $4,998,307

  Retail

  $7,516,636

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6625

Longitude

-83.6065

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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