516 State StToledo, OH 43604

Property Details for 516 State St

Year built

1917

Lot size

0.04 AC

Property size (Sq ft)

2,676 SF

Zone code

10-IL

Property type

Warehouses

APN

16-30967

APU

1630967

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $524,347

  Hospitality

  $480,299

  Educational

  $399,603

  Medical

  $413,346

  Retail

  $621,605

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.6595

Longitude

-83.5392

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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