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117-141 S Main St - Downtown Gateway Redevelopment Project 1.76 Acres of Commercial Land in Oberlin, OH 44074
Investment Highlights
- Located within an Ohio Community Reinvestment Area (CRA) with eligibility for significant development incentives
- Walkable to restaurants, retail, and community amenities in Historic Downtown Oberlin
- Redevelopment efforts are supported by Oberlin's Comprehensive Plan and Downtown Strategic Plan
Executive Summary
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 1.76 AC |
| Property Type | Land | No. Stories | 1 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 1.76 AC |
| No. Stories | 1 |
1 Lot Available
Lot
| Lot Size | 1.76 AC |
| Lot Size | 1.76 AC |
Description
The Downtown Gateway Property comprises eleven contiguous parcels totaling approximately 1.8 acres at the southern entrance to Oberlin's Historic Downtown Business District. The site occupies a highly visible location with convenient access to Oberlin College, Mercy Health – Allen Hospital, the City's Industrial Park, the Federal Aviation Administration, public schools, and the interstate highway system. The assemblage currently includes two (2) rental homes, a strip center, an automotive repair facility, a commercial building, and vacant land. Environmental remediation has been completed, including underground storage tank removal and issuance of a No Further Action (NFA) determination on the former auto repair parcel.
Property Taxes
| Parcel Numbers | Improvements Assessment | $225,919 | |
| Land Assessment | $100,087 | Total Assessment | $326,005 |
Property Taxes
Contact the Sale Advisor
117-141 S Main St - Downtown Gateway Redevelopment Project