Sylvania Portfolio of properties for Sale - West/Sylvania
Downtown Sylvania "City Block" 2 Adjacent corners with an unprecedented 421ft of Commercial frontage!
Full block frontage in the #1 ranked U.S. Real Estate Market (Toledo MSA) with active TIF incentives and 70’ height potential.
Downtown Sylvania is seeing a massive surge in development and infrastructure improvements as it continues to be a hotspot of activity.
Investment Highlights
• Unrivaled Visibility: A contiguous "city block" featuring 421 linear feet of frontage along Summit, Erie, and Main Street.
• Maximum Density: Flexible B-3 Central Business District zoning permits 60' structures (potentially 70'+ with penthouses), ideal for luxury multi-family or high-end mixed-use with Commercial Bar, Restaurant, or Retail on Ground floor with residential above.
• Ready-to-Go Incentives: Active Tax Increment Financing (TIF) program in place; City of Sylvania is actively seeking a visionary development partner for this "Downtown Anchor."
• Top-Tier Market Growth: Toledo MSA ranked #1 in the U.S. by Wall Street Journal (April 2025) and CNBC (January 2026) for investment potential and housing market strength.
• Massive Infrastructure Tailwinds: Immediate proximity to a $30 MILLION US-23 interchange upgrade(August 2026 completion date) and a $2 MILLION Downtown Main Street revitalization (Phase 2 completing July 2026).
• 1 mile away is the Ohio & Michigan Border ideal for many potential developments. Ideal for many major corporations. Stellantis and Toyota have thousands of vehicles at the nearby old Dana test track. Ideal location for an Auto related corporation Headquarters.
• 1 mile away in Ottawa Lake, Michigan is many hundreds of acres of land and an untapped area ready for development(more and more hundred plus acre parcels are popping up for sale).
• Broker Incentive: 5% Commission to Buyer’s Agent. Broker Protected.
Property Overview
This is a rare opportunity to acquire a strategic gateway site at the terminus of Sylvania’s vibrant two-block downtown core. Composed of two adjacent corner parcels, the site offers the scale necessary for a landmark destination. Underway ODOT US 23 highway improvement will change the developmental landscape of the area by end of summer.
The Opportunity:
• Luxury Multi-Family: Capitalize on an affluent demographic (Median HH Income: $104,845) and a residential market where listings currently average under 14 days on market.
• Parcels are within a 6 acre space that is a Prime Development Opportunity - see attached documents for more details as well as City Master Plan.
• Assemblage Potential: Opportunity to acquire two or three additional adjacent parcels to the south(can put buyer in touch with owners of nearby properties currently NOT listed for sale, unlocking a total site area of over 1.0 acre+ (approx. 310' x 150') for large-scale development with underground parking.
• Large Complex just south of parcels is set to close soon - new owners have publicly stated plans to renovate the plaza - all the more reason to invest here!
• Recent new nearby active listings as of 3-31-26: multiple nearby parcels are also for sale in the same B-3 zone further maximizing potential development opportunities.
• Nearby listings residential and commercial selling FAST and often within 2 weeks! Recent residential immediately surrounding parcels has DOUBLED in price in the past 3 years.
• Recently renovated office space is ready to market your upscale living/commercial development plans.
• Opportunity to develop a multi-unit complex with Commercial 1st floor, Luxury Living on floors above. Google SOMO Sylvania as a good reference/project to mimic.
• Napkin math shows potential rental income of over $150k/month developing a 5 story complex with 1st floor retail/restaurants with 4 floors of luxury living above.
Location & Economic Drivers
Sylvania is a premier affluent suburb of Toledo, Ohio ("The Glass City"), serving as a nexus between major Midwest hubs (Ann Arbor, Chicago, Cleveland, Columbus, Dayton, Detroit).
Regional Economic Catalysts:
• Meta Data Center: An $800 MILLION investment in nearby Bowling Green, driving high-income housing demand.
• Logistics Powerhouse: The $6.4 BILLION Gordie Howe International Bridge (opening Fall 2025) reshapes regional trade, positioned just 60 minutes from the site.
• Corporate Neighbors in Toledo Greater Metro: Headquarters and major operations for Jeep/Stellantis, Dana, Owens-Corning, Libbey Glass, ProMedica, and Barry Bagels.
• Community-Oriented: Proximity to Plummer Park, a public pool, and excellent city services (Police & Fire Departments, Library).
• Rich Cultural & Recreational Scene: Easy access to the #1 Rated Toledo Museum of Art, #1 Rated Toledo Zoo, and the renowned Toledo Metro Parks system. Highland Meadows Golf Country Club is 1 mile away.
• New Infrastructure: November 2025 - BRAND NEW ROAD - Summit Street from Monroe St. to the Michigan border, almost 3/4 of a mile is all newly installed which significantly enhances site access and curb appeal.
Walkable Amenities: The site is steps from Sylvania’s "Restaurant Row," featuring The Dallas Taproom, J & G Pizza Palace, Chandler Cafe, Inside the Five, and the upcoming Mancy’s restaurant at the old Element 112, and a new Whiskey Bar coming soon on Main. Practical amenities like Sautter’s Grocery, The Sylvania Library, and Plummer Park are within a 2-block radius. Downtown Sylvania hosts many walkable market events, art festivals, concerts, etc throughout the year.
The Downtown Outdoor Refreshment Area (DORA) in Sylvania, Ohio, allows patrons to consume alcoholic beverages purchased from participating downtown establishments while walking within designated boundaries.
Nearby businesses, franchises etc:
Krogers, Burger King, Little Caesars, Taco Bell, McDonalds, Tony Packos, Ace Hardware, Speedway, Jimmy Johns, Wendy’s, Marcos Pizza, Tim Hortons, Dunkin’ Donuts, Caio!, Frickers, Bambinos, Subway, Wyndham Hotel, are all within about 2 miles from subject property. Sheetz is heavily investing in Northwest Ohio with more locations actively opening/under construction. Raising Cane's and Culvers are also popping up all over Northwest, OH. Trader Joe just announced coming to Westgate in Toledo.
Technical Specifications
• Zoning: B-3 (Central Business District)
• Frontage: 421' (Summit/Erie/Main)
• Max Height: 60'–70'+ (per recent zoning adjustments)
• Utilities: Fiber Optic, City Water/Sewer, and recently upgraded Gas lines on-site.
• Traffic/Access: 1 mile to US-23/Monroe St Interchange which is currently undergoing a $30 MILLION dollar improvement project.
A Note on Commission
The seller offers a 5% commission to the buyer’s agent (100/0 split). Seller requires no compensation from this side of the transaction, maximizing the incentive for buy-side representation. Broker protected.
