For Sale
$825,000

12565 Airport Hwy Swanton, OH 43558

6.2-acre industrial complex with strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 6.2-acre commercial property in Swanton, Ohio, presents a lucrative investment opportunity. Located on Airport Highway, this high-traffic location boasts an ODOT daily traffic count exceeding 22,000 vehicles. The property comprises five buildings, offering a diverse range of uses and income streams. The main building, a 50x70 pole barn, currently houses a successful auto repair business with a 360 sq ft office, 14-foot overhead doors, and a bathroom. An additional 50x70 pole barn provides ample storage space, generating approximately $3,000 annually in rental income. A 40x40 pole barn is currently leased for $1,050 per month on a month-to-month basis. A 25x30 constructed office building, with central air and a forced-air furnace, is leased to a marine business for $2,000 per month until May 2025, increasing to $2,600 per month thereafter. Finally, a 50x60 steel-erected building offers further storage or workspace potential. All buildings (except one storage building) include restrooms and utilities, with tenants responsible for their own usage. The property features multiple septic systems, updated in 2022, and is mostly fenced. The property is grandfathered for auto and recreational vehicle sales, subject to annual sales requirements. This multi-building complex offers significant income potential and flexibility for various commercial ventures, making it an ideal investment for discerning buyers. The asking price is $825,000.

Highlights

  • 6.2-acre commercial property with five buildings at 12565 and 12545 Airport Highway, Swanton, OH.
  • Five buildings, all with gas, electric, and water (except the back building), each metered separately; tenants pay their own utilities. Potential rent of approximately $3,500/month for the auto shop and office. Mostly fenced, with some unfenced areas. Septic systems updated in 2022.
  • Main building (Ed Pastorek Automotive): 50'x70' pole building with 360 sq ft office, 14' overhead doors, bathroom, and shallow well. Auto repair equipment sold separately.
  • Back building: 50'x70' pole building with 14' overhead door, covered 20'x70' addition. No utilities or insulation. Generates approximately $3,000/year in winter storage rental income.
  • Front building: 40'x40' pole building with 10' and 8' overhead doors, bathroom, shallow well, new furnace and overhead door (2019). Currently rented month-to-month for $1,050.
  • Office building (Shoreline Marine): 25'x30' building with central A/C, forced air furnace, bathroom, and alarm system. Roof and windows replaced in 2013. Leased at $2,000/month until May 2025, increasing to $2,600/month until May 2026. Shares a deep well with the adjacent building.

Property Details for 12565 Airport Hwy

Property type
Retail properties, Office properties
Year Built
1994
Buildings
5
Lot Size (sq. ft)
271,379 SF

Location Insight

City
Swanton
County
Lucas
State
Ohio
Latitude
41.5823904
Longitude
-83.8441278

FAQs

What type of property is this?
Retail property - 6.2-acre industrial complex with strong rental income.
Where is the retail property located?
The property is located at 12565 Airport Hwy Swanton, OH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 6.2-acre commercial property with five buildings at 12565 and 12545 Airport Highway, Swanton, OH.; Five buildings, all with gas, electric, and water (except the back building), each metered separately; tenants pay their own utilities. Potential rent of approximately $3,500/month for the auto shop and office. Mostly fenced, with some unfenced areas. Septic systems updated in 2022.; Main building (Ed Pastorek Automotive): 50'x70' pole building with 360 sq ft office, 14' overhead doors, bathroom, and shallow well. Auto repair equipment sold separately.
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12565 Airport Hwy
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