1205 Westwood AveToledo, OH 43607
- Land
- 5,033 SF
Property Details for 1205 Westwood Ave
- Year built
- 1978
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 5,033 SF
- Zone code
- 10-CR
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 20-97857
- APU
- 2097857
Description
This exceptional 0.47-acre commercial land parcel, located at 1205 N. Westwood Avenue in Toledo, Ohio (Lucas County, zip code 43607), presents a unique investment opportunity. Zoned CR, the property boasts a pre-existing 5,200 square foot concrete pad, significantly reducing initial development costs. All utilities are readily available on-site, simplifying the construction process. The strategic location directly across the street from a substantial student housing development—a 208-unit complex with over 598 beds—offers immediate access to a large and consistent potential customer base. This high-traffic area ensures excellent visibility and accessibility for any commercial venture. The asking price for this prime commercial land is $279,000. Given the existing infrastructure and proximity to a significant student population, this property represents a compelling opportunity for developers seeking a high-return investment in a thriving Toledo neighborhood. The property's coordinates are 41.65208 latitude and -83.607696 longitude.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $986,188
- Hospitality
- $903,343
- Educational
- $751,571
- Medical
- $777,418
- Retail
- $1,169,110
Location Insight
- City
- Toledo
- County
- Lucas
- State
- Ohio
- Latitude
- 41.6522
- Longitude
- -83.6078
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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