Property Details
| Sale Price: | Subject To Offer |
| Property Type: | Multifamily & Boat Storage |
Property Description
SVN is proud to present a first-class development opportunity in Vacationland Ohio that offers a slice of paradise for creating unforgettable memories and generating profitable returns. This rare Lake Erie-centric development opportunity is what the seller started and is ready to finish. The property offers stunning bay views and serene private lakes. Nearby attractions such as Cedar Point, Marblehead, Kelly’s Island, and Put-In-Bay provide abundant destinations.
Location Description
The site is a short drive from Cedar Point. It sits at the southwestern tip of the Marblehead Peninsula, which divides Lake Erie from Sandusky Bay. Discover what quaint villages like Marble Head have to offer; specialty shops, casual restaurants, beaches, wineries, art galleries, museums, boat docks, and an iconic lighthouse. Country-like roads lead people to a simpler, more authentic place that never feels touristy. Enjoy an eclectic mix of summer cottages, permanent homes, and lakefront condominiums. The site is part of an area that is referred to regionally as Vacationland Ohio due to the large number of tourists who flock to the area in the summer months. It remains a popular vacation destination thanks to its lakefrontage, ferry service to the Lake Erie Islands, the nearby Lakeside Chautauqua, and Cedar Point amusement park. Nearby Marblehead Lighthouse is the oldest continuously operating lighthouse on the American side of the Great Lakes. The lighthouse is a part of the Marblehead Lighthouse State Park located within the village just northwest of the site. The peninsula is home to the busiest Coast Guard station on the Great Lakes. East Harbor State Park offers 2 miles of sandy beach, 10 miles of hiking trails, bird and wildlife-watching, boating, swimming, picnicking, and camping. Lakeside Daisy StateNature Preserve protects the only natural United States population of the Lakeside Daisy, a threatened plant species and one of Ohio’s most spectacular wildflowers.
From spring until fall, the area is bustling with tourists who enjoy Lake Erie and leisure time activities. Winter brings a peaceful stillness to the area. When a fresh snowfall gently descends, one can hardly resist taking a photograph of the picture-perfect scene of a small-town winter. The spring thaw brings welcome sunshine, Lakeside Daisies, and city-weary weekenders in search of a peaceful atmosphere. The same services, and more, that are found in much larger cities are available in the area. Excellent public water systems and sewer high-speed internet access, a ferry to Kelley’s Island, a wealth of businesses catering to nearly every possible need, and attractive parks. The area enjoys a deep-rooted history fashioned by a community of neighbors.
Highlights
- Approximately 44.5 Acres for proposed condominium, dock slip, and Boat-storage development.
- Proposed development of approximately 120 condominium units; and 15 boat storage buildings.
- 20 dock slips in place with plans in place for 40 more. Subject to U.S. Army Corp of Engineers Approval.
- Condominium owners will enjoy access to a private beach, access to boat slips, and spectacular water views.
- Nearby 3-bedroom, multi-unit condominiums are selling in the $450’s
- 15-Min. from Marble Head, 25-Min. from Cedar Point, and 45 Minutes from Put-in-Bay & Kelly’s Island.
- Less than 1.5 hours away from Downtown Cleveland. OH and Detroit MI & 45 Min. from downtown Toledo.
- Growing area with a high unit absorption rate.
- Quality concept plans in place.
