329 S. Erie Street

Vacant Land for Sale
Catylist Listing ID: 30046592
Property Subtypes: Industrial
Gross Land Area: 4.89 Acres
Sale Price: $220,000
Unit Price: $44,989 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/8/2017

Overview / Comments

7 parcels total.
Completed Clean Ohio Project – now poised for development.
Nearly adjacent to the planned Anthony Wayne Trail (US 24) off ramp to downtown.
Next to the Erie Street Market.
Development opportunity on two sides of Erie Street.
Located within downtown Toledo's Warehouse District. Visit the website www.toledowarehouse.org for overlay details.
Property History – Toledo Gas Light and Coke Company (TGLCC) operating a manufactured gas plant (MGP) at the property from 1887 to 1918. The facility discontinued manufacturing gas in 1918 and then began to purchase natural gas from Atlas Chemical Company (Atlas) for re-distribution. This arrangement with Atlas continued until 1928. Ohio Fuel Gas Co. acquired portions of the property from predecessors of the TGLCC in 1928. Another portion of the property was acquired from the City of Toledo in 2004. In 1964 a portion of the property was transferred from Ohio Fuel Gas Co. to Columbia Gas of Ohio (COH). COH operated a service center at the property until 2011.
Environmental Covenant and "Covenant Not to Sue" on file.
Executive Summary of "No Further Action" Letter on file.
Determination and Compliance with Applicable Standards – The property is in compliance with VAP applicable standards for commercial/industrial land use following implementation of active remedies at the property, through engineering controls administered under an O&M plan and agreement, through risk mitigation measures for construction and excavation workers, through a restriction on building occupancy and through implementation of groundwater use restrictions.

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $5,724 (Annual)

Additional Details

Nearest MSA: Toledo
County: Lucas
Taxing Authority: Lucas County
Tax ID/APN: 14-20857
Zoning: LIMITED INDUSTRIAL
Property Located Between: Anthony Wayne Trail and Collingwood Boulevard
Property Visibility: Excellent
Largest Nearby Street: Anthony Wayne Trail (US 24)
Traffic/Vehicle Count: 2,101
Zoning Description: Limited Industrial
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,123 124,706 266,271
Median Age: 30.08 33.2 35.48
Households: 5,613 48,792 108,281
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