6402 Milan RdSandusky, OH 44870

Property Details for 6402 Milan Rd

Year built

1985

Lot size

1.71 AC

Property size (Sq ft)

5,676 SF

Property type

Retail properties

Property subtype

Retail space

APN

32-04002-000

APU

3204002000

Description

This exceptional 5,676 square foot retail building, situated on a 1.7-acre lot in Sandusky, Ohio, presents a compelling investment opportunity. Boasting 200 feet of prime frontage on US 250, this property benefits from high visibility and convenient access. The building, constructed in 1985, features a brand new roof installed in 2024, ensuring long-term structural integrity. Its strategic location offers unparalleled convenience, being just half a mile from SR 2 and less than a mile from the renowned Kalahari Waterpark Resort. The property's proximity to the Ohio Turnpike (within 5+ miles) further enhances its accessibility and appeal to a wide range of businesses. Adding to its desirability is its close proximity to the recently opened RVC Outdoor Resort, a 215-site RV park, creating a vibrant and growing local market. The asking price is $699,000, translating to $123.15 per square foot. This single-story building presents a versatile space ideal for a restaurant or storefront operation, offering significant potential for growth and return on investment. The property's ample lot size provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-located, updated commercial property in a thriving area. The Erie County location and its proximity to major roadways and tourist attractions make this a truly unique investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $1,501,034

  6.5%

  $1,385,570

  7%

  $1,286,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,337,951

  Geo Method

  $1,337,951

• Alternative Use

  Use

  Valuation

  Residential

  $1,168,780

  Hospitality

  $1,070,597

  Educational

  $890,724

  Medical

  $921,357

  Retail

  $1,385,570

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.3932

Longitude

-82.6495

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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