301 Water StSandusky, OH 44870

Property Details for 301 Water St

Year built

1920

Lot size

0.12 AC

Property size (Sq ft)

12,480 SF

Property type

Turn key restaurants

APN

56-01147-000

APU

5601147000

Description

This exceptional commercial property, located at 301 W Water Street in the vibrant city of Sandusky, Ohio, presents a compelling investment opportunity. Boasting a substantial 12,480 square feet of space, this general commercial building sits on a conveniently sized 0.12-acre lot, offering ample room for a variety of business ventures. The property's strategic location in Sandusky provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in this thriving community. The asking price of $549,900 represents a significant value for a property of this size and location. The building's versatile layout allows for customization to suit diverse business needs, providing flexibility for potential tenants or owners. Its robust construction ensures longevity and minimal maintenance requirements. This property is ready for immediate occupancy and presents a rare chance to acquire a well-situated commercial space in a desirable Ohio market. The ample square footage and prime location make this an attractive option for businesses seeking expansion or a new home base. Serious inquiries are encouraged to explore the potential of this exceptional commercial property and its significant return on investment. Don't miss this opportunity to secure a valuable asset in a growing area. Further details and viewing arrangements can be made upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,773,210

  6.5%

  $2,559,880

  7%

  $2,377,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,214,070

  Geo Method

  $1,214,070

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,219,150

  Mixed-Use / Specialty

  $2,458,980

  Hospitality / Lodging

  $1,684,580

  Office

  $2,348,770

  Institutional / Educational

  $2,523,540

  Residential Income

  $2,952,540

  Multifamily

  $4,049,930

  Automotive / Energy

  $2,163,040

  Parking / Income-Based Land

  $837,114

  Restaurant / Food Service

  $1,083,060

  Healthcare / Senior Housing

  $2,615,750

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4568

Longitude

-82.7144

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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