516 State StToledo, OH 43604

  • Industrial properties
  • 2,676 SF
For Sale
$325,000 View listing

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
Industrial properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $524,347
    Hospitality
    $480,299
    Educational
    $399,603
    Medical
    $413,346
    Retail
    $621,605
516 State St, Toledo, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$112
$455
-
$455
-
$1,300
-
$1,300

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