3700 Williston RdNorthwood, OH 43619

Property Details for 3700 Williston Rd

Year built

1971

Lot size

11.24 AC

Property size (Sq ft)

103,692 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

H28-712-0302-01-006.000

APU

H28712030201006000

Description

This exceptional commercial land offering presents a unique investment opportunity in Northwood, Ohio. Comprising three parcels totaling approximately 4.09 acres (2.05 acres, 0.84 acres, and 1.20 acres respectively), this property is strategically located at a heavily traveled intersection of Hwy 51 and Williston Rd, boasting high visibility and accessibility. The site is zoned for commercial use and benefits from existing utilities and paved land, making it ideal for immediate development. Anchored by a Family Farm & Home store, this location enjoys significant traffic volume. Furthermore, its proximity (less than 1/8 mile) to "The Enclave," a large mixed-use development project currently under construction, promises increased population and enhanced commercial activity in the area. "The Enclave" is a 100-acre, $7 million project featuring residential and commercial properties. This prime location is perfectly suited for a variety of retail uses, including convenience stores, fast-food restaurants, and gas stations. Attractive incentives are available to prospective buyers, including a 100% tax abatement and eligibility for the Job Creation and Retention Program Grant. The City of Northwood actively encourages new businesses through various incentive programs. Individual parcel pricing is as follows: Parcel 1: $225,000

• CAP approach

  CAP return

  Valuation

  6%

  $26,093,706

  6.5%

  $24,086,498

  7%

  $22,366,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,442,362

  Geo Method

  $24,442,362

• Alternative Use

  Use

  Valuation

  Residential

  $20,317,862

  Hospitality

  $18,611,052

  Educational

  $15,484,177

  Medical

  $16,016,701

  Retail

  $24,086,498

Location Insight

City

Northwood

County

Wood

State

Ohio

Latitude

41.5999

Longitude

-83.4593

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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