3911 Venice RdSandusky, OH 44870

Property Details for 3911 Venice Rd

Year built

1998

Construction

STEEL FRAME

Lot size

4.53 AC

Property size (Sq ft)

17,190 SF

Property type

Commercial real estate

APN

60-00697-001

APU

6000697001

Description

This exceptional 17,000-square-foot commercial property in Sandusky, Ohio, presents a unique investment opportunity. Situated on a generous 4.55-acre lot (197,326.8 sq ft) at 3911 Venice Rd, 44870, this single-story, 1998-built building offers a versatile blend of office and flex/warehouse space, ideal for a variety of businesses. The flexible layout includes approximately 8,000 square feet of clean, heated warehouse space featuring 14-24 foot ceilings, a loading dock, a drive-in dock, and a load-bearing mezzanine. A utility/shower room adds to the warehouse's functionality. The approximately 9,000 square feet of office/retail space boasts six private offices (including a manager's office), a large showroom/conference room, multiple sales/call rooms, restrooms, break rooms, and a climate-controlled server room. The property also includes a complete sprinkler system, LED and halogen lighting, and a convenient on-site trash compactor. Ample parking is provided with 50+ spaces. The property benefits from a 300-foot frontage and is zoned for Local Manufacturing (LM), offering significant expansion potential. Annual property taxes are $1.03 per square foot. This versatile property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,504,810

  6.5%

  $3,235,210

  7%

  $3,004,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,607,950

  Geo Method

  $1,607,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,188,870

  Retail / Commercial

  $3,525,990

  Mixed-Use / Specialty

  $3,387,000

  Hospitality / Lodging

  $2,320,350

  Office

  $3,235,210

  Institutional / Educational

  $3,475,940

  Residential Income

  $4,066,850

  Multifamily

  $5,578,390

  Automotive / Energy

  $2,979,370

  Parking / Income-Based Land

  $1,153,040

  Restaurant / Food Service

  $1,491,810

  Healthcare / Senior Housing

  $3,602,950

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4431

Longitude

-82.7558

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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