709 Perkins AveSandusky, OH 44870

Property Details for 709 Perkins Ave

Year built

1966

Lot size

4.57 AC

Property size (Sq ft)

81,600 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

57-02419-000

APU

5702419000

Description

This well-maintained 96,930 square foot retail strip center is situated on a 7.86-acre lot at 709 W. Perkins Avenue in Sandusky, Ohio (zip code 44870). Built in 1966, the property boasts a strong tenant roster including Dollar Tree, Family Dollar, Tractor Supply Company, Subway, Rent-A-Center, Cash America Pawn, and Jo Wok. Two spaces are currently available, ranging in size from 1,633 to 21,593 square feet, presenting excellent opportunities for expansion or new tenancy. The center enjoys a highly visible location on W. Perkins Avenue, a major thoroughfare with a daily traffic count of 23,535 vehicles. Its convenient location is approximately 2.4 miles (five minutes) from the Ohio Turnpike (I-80/90), providing easy access for both local customers and those traveling through the area. Located in Erie County, this property offers a compelling investment opportunity in a thriving retail market. The property's established tenant base and high-traffic location contribute to a strong potential for return on investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $21,579,356

  6.5%

  $19,919,404

  7%

  $18,496,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,234,818

  Geo Method

  $19,234,818

• Alternative Use

  Use

  Valuation

  Residential

  $16,802,764

  Hospitality

  $15,391,241

  Educational

  $12,805,332

  Medical

  $13,245,727

  Retail

  $19,919,404

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4337

Longitude

-82.7111

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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