For Sale
$449,000

221 Perkins Ave Sandusky, OH 44870

High-traffic, NNN convenience store

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - High-traffic, NNN convenience store
Where is the retail property located?
The property is located at 221 Perkins Ave Sandusky, OH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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221 Perkins Ave
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