Overland Industrial Park Lot 3

Toledo, Ohio 43610

Virtual Tour

Primary Contact

Gina Marie Kaczala
Real Estate Specialist

Description

Site located within Overland Industrial Park, Excellent location close to vital transportation routes.  Full-service utilities can be utilized upon ownership.  Shovel ready.

The property is within a Community Reinvestment Area (CRA) and a Tax Increment Financing District (TIF). This means that Lucas County will assess and assign a value to the components of the facility improvements that are considered as "real property" and not specific to the manufacturing operation. This value will be multiplied by 35% then multiplied by the tax rate for Overland (currently at 95.390045) and divided by 1000. The value is calculated every year. For the first fifteen years, you will receive 50% abatement on the value and make payments in lieu of taxes equal to 25% of the value to Toledo Public Schools and 25% of the value to the Tax Increment Financing District. The TIF District will use the funds collected from all the companies in the TIF to make improvements to the areas in and around the Industrial park. In years 16-30, the tax abatement component expires and the payments based on the value are split equally between the school district and the TIF district.

Opportunity Zone:  https://development.ohio.gov/bs/bs_censustracts.htm

Property Details

Street Address: 3500 Jeep pkwy.


City: Toledo


County: Lucas County


Zip Code: 43610


Type of space: Vacant Land, Build to Suit


Min Size: 15.80 acres


Max Size: 15.80 acres


Last Updated: 7/28/2020

Availability

For Sale:

Yes


Sale Price:

$984,375


Price per acre:

$62,500


Ownership:

Toledo Lucas County Port Authority


Date Property is Available:

Available Now


Property Description:

Proximity to I-75, Opportunity Zone, TIF/CRA Property Tax Abatement, Proximity to FCA for Just-In-Time Delivery, Toledo Area Regional Transit Authority (TARTA) served Heavy Haul Truck Route to Michigan and Canada, Cluster with automotive suppliers (Dana and Detroit Manufacturing Systems), workforce available in surrounding neighborhoods, Port Authority Capital Lease and Financing Available.

Environmental: The Ohio Voluntary Action Program Phase 1 Property Assessment was completed in May 2015 by the Mannik & Smith Group. An Ohio Voluntary Action Program Phase 2 Property Assessment was completed in June 2015 by the Mannik & Smith Group. A Covenant Not to Sue was Issued to the Toledo-Lucas County Port Authority in May 2016 with a second Covenant Not to Sue issued for the remainder of the property in November 2017 from the Ohio Environmental Protection Agency.

Geotech: Geotech reports are available for adjacent development sites (All Phase, DMS, and Dana) are available for review.

Wetlands: There has not been a formal wetlands delineation, but Phase II addresses both the fact that there are not endangered species or known wetlands on the property.

TARTA Schedule:  http://tarta.com/wp-content/uploads/2018/12/26_WI2019.pdf



Site Details

Parcel ID #(s):

18-87716


Total Acres:

15.75 acres


Total Number of Buildings:

0


Current Use:

Vacant Land


Former Use:

Jeep Manufacturing Facility


Zoning:

IG


Flood Plain:

Yes


Percent in Flood Plain:

10 %


Business Near Site:

DMS Toledo, Dana Incorporated, Pexco Packaging Corp., All Phase Electric Supply


Taxes:

2,477.31


Topography:

Flat


Industrial Park Platted:

Yes

Incentives

Opportunity Zone:

Yes


Foreign Trade Zone:

Yes


TIF District:

Yes


Local Incentive Comments:

City of Toledo CRA

Transportation

Nearest Highway:

US 120


Distance to Nearest Highway:

0.40 miles


4 Lane:

Yes


Nearest Interstate:

Interstate 75


Distance to Nearest Interstate:

0.3 miles


Interstate 2:

Interstate 475


Distance to Interstate 2:

1 miles


Nearest Airport:

Toledo Express


Distance to Nearest Airport:

18.60 miles


Nearest International Airport:

Detroit Metropolitan


Distance to International Airport:

44 miles


Port:

Yes


Port Name:

Toledo Port


Distance to Port:

9.20 miles


Served by Public Transportation:

Yes


Transportation Description:

TARTA

Utilities

Electric Provider:

Toledo Edison


Electric Line Size (KVA):

12.5 KVA


Additional Electric Details:

  12.5kv Distribution with 69kv Transmission (see electrical map in photos)


Gas Provider:

Columbia Gas


Gas Pressure:

48 psi


Additional Gas Details:

Columbia Gas has a 4" plastic medium pressure main to the South of this location and a 6" plastic medium pressure main to the North. The Ends of the mains are approximately 1,763' apart and they are part of the same medium pressure system (48 psig maximum allowable operating pressure.) Maximum regulated delivery pressure off this system to a customer typically will not exceed 10 psig.


Water Provider:

City of Toledo


Water Details:

City of Toledo: A 12" water line serves the property which can provide 1200 gallons per minute. There is also a 12" water line on the back side of the property along the railroad tracks.


Sewer Line Size:

57" in


Sewer Details:

City of Toledo: The sanitary main on Jeep Parkway is a 57” pipe with a capacity of 10,000 gallons per minute.


Telecom:

Yes


Telecom Provider:

AT&T

Broker Contact

Contact Name:

Joe Cappel, VP Business Development


Contact Company:

Toledo Port Authority


Contact Phone:

419-243-8251


Email Address:

jcappel@toledoport.org

Contact Information

Company: Lucas County


Contact Name: Gina Marie Kaczala


Address: One Government Center


City: Toledo


State: Ohio


Phone: 419-213-3710

Contact Information

Company: Regional Growth Partnership


Contact Name: Matt Davis


Address: 2 Maritime Plaza


City: Toledo


State: Ohio


Cell: 419.799.0675


Website: www.rgp.org


Contact Information

Company: JobsOhio


Contact Name: Tyler Lash


Address: 41 S High St


City: Columbus


State: Ohio


Phone: 614.448.1016

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