RARE Re-development opportunity in Downtown Sylvania, OH.
Parcel is at the end of the 2-blocks that are Downtown Sylvania, OH. B-3 Central Business District zoning allows for bars, multi-family, etc maximum Structure height is now 60ft maximum. The City is eager for a developer to develop this end of the Downtown. There is a TIF in place as well that recently passed and is in place for this parcel.
Linked file for permitted use in B-3 as well as website link for Points of interest and other details on why this is parcel is a primo prime development property.
SOMO Flats are 2 blocks away - similar concept could be developed on this parcel if developer also acquired adjacent properties to this one(owned by others). Development in Downtown is in a sense land locked/finite by Railroad tracks, Cemetery and Residential. Zoning was changed recently to allow up to 60ft height Structures(maybe the City would allow more for the right developer/plan). Parcel is part of and at end of B-3 District Zoning and with the adjacent corner(not included, by other owner) would make for prime development. Corners are key in Commercial Real Estate along with Frontage; IF developer can acquire all surrounding parcels(3 around this one, all by separate owners) you'd have a little over an Acre and roughly 310x150ft... possibilities are endless and likely very fruitful. Basement Parking garage similar to SOMO 2 blocks away and you could put up many many units to maximize your ROI and still provide parking for your many income producing tenants.
Downtown Sylvania is a cozy, quiet small town with many walkable destinations and a LOT of amenities nearby. Parcel is 3 blocks away from Police Department, Fire Department, Library, 2 Bars(unknown Whiskey Bar to open soon at former BelMain upholstering), Chandler Cafe, Main Street Sweets, Inside the Five, J & G Pizza Palace Upside Brewing Dallas Taproom. Mancy's is opening a new Restaurant soon a block away on Main. Downtown Sylvania is currently under construction with a $2 million dollar infrastructure improvement; US 23 Monroe Street ODOT project, a $30 Million dollar project will definitely increase value in the near future. Plummer Park and Public Pool nearby. #1 Rated Toledo Museum of Art is 11 miles away, Toledo Zoo #1 rated in the country is 15 miles away. Toledo's Old West End Festival every year and House Tours near the museum. Tony Packos in Toledo. Wonderful Toledo Metro Parks system - more details soon. We are under an hour away from Ann Arbor, MI, Detroit, MI, and Windsor. 2 hour drive to Cleveland, 2.5 hour drive to Columbus, OH. Chicago is 4 hours away. Detroit Metro airport is 40 minutes away. Fiber optic internet is available at this parcel. City Water and City Sewer. Columbia Gas just installed new gas lines a couple years ago, active infrastructure updates water/sewer currently and coming soon!
Please visit linked website below for more detailed info. Video coming soon. Thanks for looking, and have a good day!
Erik Russell
Convoluted Logistics