For Sale
$449,000

221 Perkins AveSandusky, OH 44870

High-traffic, NNN convenience store

Overview

Added:
Dec 11, 2024
Days on market:
115
This 3,024 square foot retail property, located at 221 W Perkins Ave in Sandusky, Ohio, presents a compelling investment opportunity. The building, constructed in 1985, sits on a 0.27-acre lot and features a convenient drive-thru on the east side, ample parking in front and back, and easy access to Perkins Avenue. Currently configured as two units, the free-span design allows for flexible use, with the potential to combine the spaces into a single, larger unit. The property boasts a high daily traffic count exceeding 21,000 vehicles, enhanced by a prominent pylon sign. The asking price is $449,000, representing a price per square foot of $148.48 and a 9.20% cap rate. The property is currently 50% occupied with a single tenant under a triple net lease (NNN). The property includes 10 parking spaces and is situated in Erie County, Ohio, with the APN 5702223000. This versatile building is ideal for a variety of retail uses and is available for sale, suitable for a 1031 exchange. The property's single-story design and convenient location make it an attractive investment prospect.

Highlights

  • 3,024 SF retail building on a 0.27-acre lot in Sandusky, OH.
  • Features a drive-thru, ample parking, and high visibility on Perkins Ave.
  • Currently two units, but easily convertible to one large space.
  • High daily traffic count exceeding 21,000 vehicles.
  • Asking price: $449,000 ($148.48/SF, 9.20% cap rate).
  • 50% occupied with a triple-net (NNN) lease.

Property Details for 221 Perkins Ave

Property type
Retail properties, Retail space
Square Feet
3,024 SF
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
11,761 SF
Units
2

Location Insight

City
Sandusky
County
Erie
State
Ohio
Latitude
41.432846227234
Longitude
-82.701061351448
221 Perkins Ave, Sandusky, Ohio

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221 Perkins Ave
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