Curious, I looked up the ownership, and found that the building is actually made up of two 16 foot wide lots. That is a pretty skinny lot. The right side has a long history of solid ownership and slowly rising value, and that the left side has passed from one absentee owner to another for years.
That might be the end of the story, except that I did notice one funny blip in the ownership history. In September 2001, Jackie Shropshire sold this vacant half to Jeffrey D. Blovits for $98,000! A few years later is was sold for $5,000 and then later for $1,000! Googling Shropshire, I came up with the fact that she was part of the Black United Front, which was a political organization prominent during the 2001 riots. Then I googled Blovits and found this (tragic / comedic) description of himself written before the mortgage meltdown:
Jeff Blovits is the branch manager of the Westerville Franklin Bank, a mortgage franchise location of the publically traded ssb out of Texas. Jeff has been in the financial services industry for 12 years as bank manager, underwriter, and mortgage lender. His innovative mortgage planning concepts are paving the way for countless clients to improve their financial lives.I wonder who wrote the appraisal for that $98,000 loan.