1611 Sawmill PkwyHuron, OH 44839
- Retail properties
- 21,000 SF
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
- Retail properties
- Property subtype
- Other 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
FAQs
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