1611 Sawmill PkwyHuron, OH 44839

Property Details for 1611 Sawmill Pkwy

Year built

2007

Construction

STEEL FRAME

Lot size

4.24 AC

Property size (Sq ft)

21,000 SF

Property type

Automotive properties

APN

42-01952-007

APU

4201952007

Description

This exceptional 99,036 square foot industrial property, located at 1611 Sawmill Pkwy in Huron, Ohio, presents a unique investment opportunity. The property consists of five single-story buildings totaling 99,036 square feet, situated on a 7.153-acre lot. Built in 1997 and extensively renovated in 2022, the property boasts significant upgrades including new backup power generators, LED lighting, and ceiling fans for improved ventilation. The warehouse features extensive electrical in all work areas, with Buildings 3, 5, and 6 offering 208-volt/50-amp outlets. Access is provided by two 20-foot-wide concrete entry drives. The property benefits from unparalleled visibility to State Route 2, enhanced by a pylon sign and flagpole. Buildings 5 and 6, along with the showroom, are currently under a 15-year tax abatement. The property is zoned for industrial use and has the APN numbers 42-01952.007, 42-01952.004, 42-01952.005, 42-01952.002, and 42-01952.006. Offered at $9,500,000 with a 5-year NNN lease term for a single tenant. This property is ideal for a variety of industrial uses and offers a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $5,553,510

  6.5%

  $5,126,318

  7%

  $4,760,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,950,137

  Geo Method

  $4,950,137

• Alternative Use

  Use

  Valuation

  Residential

  $4,324,240

  Hospitality

  $3,960,981

  Educational

  $3,295,490

  Medical

  $3,408,827

  Retail

  $5,126,318

Location Insight

City

Huron

County

Erie

State

Ohio

Latitude

41.3994

Longitude

-82.5803

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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