1611 Sawmill PkwyHuron, OH 44839

  • Retail properties
  • 21,000 SF
For Sale
$9,500,000 View listing

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
1611 Sawmill Pkwy, Huron, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,115
$111,223
$1,276,786
$1,388,009
-
$317,780
$3,647,960
$3,965,740

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