5011 Navarre Ave 8.09 Acres of Commercial Land Offered at $799,000 in Oregon, OH 43616

Positioned at a signalized intersection with approximately 1,000 feet of frontage along Navarre Avenue, this 8.09-acre development site offers a rare opportunity in Oregon, Ohio’s growing commercial and residential corridor. The parcel is zoned C-5 and has received municipal approval for a 64-unit multifamily development, making it ideal for either rental or for-sale housing. With flat topography and storm sewer access, the site is primed for efficient development. Surrounded by a mix of residential neighborhoods to the north and east, and commercial uses to the south, the property benefits from strong visibility and accessibility. Pearson Metropark borders the western edge, offering a natural amenity that enhances the appeal for future residents. The site is served by Toledo Edison, Columbia Gas, and City of Toledo water and sewer services, ensuring full utility access for a range of development types. Traffic counts along Navarre Avenue exceed 12,500 vehicles daily, with Wynn Road adding nearly 4,000 more, supporting both residential and commercial viability. The area’s demographics reflect a solid consumer base, with a median household income of $78,516 within one mile and a population of nearly 57,000 within five miles. The property’s current CAUV status offers potential tax advantages for qualified buyers. Whether pursued as a multifamily community or repositioned for alternative commercial use, 5011 Navarre Avenue presents a compelling investment in a high-visibility, utility-ready location with strong municipal support.