333 Market StSandusky, OH 44870

Property Details for 333 Market St

Year built

1842

Lot size

0.13 AC

Property size (Sq ft)

7,380 SF

Property type

Retail properties

Property subtype

Retail space

APN

56-00119-000

APU

5600119000

Description

This unique mixed-use property at 333 W Market Street in Sandusky, Ohio, presents a remarkable investment opportunity. Built circa 1885 in the High Victorian style, this 6,900 square foot building boasts stunning architectural details, including decorative brackets and period windows. Its rich history includes stints as a popular saloon, and later, several hotels. Currently under renovation, the property features approved architectural plans for three luxury apartment units, each with private outdoor balconies offering breathtaking views of Sandusky Bay and Lake Erie. The lower level provides approximately 2,500 square feet of adaptable commercial space, perfect for a variety of businesses. Significant groundwork has already been completed, allowing a buyer to finalize construction and personalize the design to their vision. Situated on a 0.13-acre lot, this property offers a blend of historical charm and modern potential. The asking price is $599,000. Proof of funds is required prior to scheduling a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,951,662

  6.5%

  $1,801,534

  7%

  $1,672,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,739,620

  Geo Method

  $1,739,620

• Alternative Use

  Use

  Valuation

  Residential

  $1,519,662

  Hospitality

  $1,392,002

  Educational

  $1,158,129

  Medical

  $1,197,959

  Retail

  $1,801,534

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4557

Longitude

-82.7142

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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