City of Sylvania Nets Nice Chunk of Cash in Sale of Property

May 17, 2017

The City of Sylvania took over a run-down property near the corner of Erie and Maplewood more than twenty years ago and turned it into a nice rental property. A tenant of a significant chunk of the property ceased operations recently and the city sold the property to a couple who plan to turn that space into a brew pub. Beyond the rents earned over the past years, the city nets just under $500,000 on the sale.

Toledo Blade story can be found here.