Mixed-Use Investment Opportunity

670 Sherman St, Geneva, OH

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For Sale

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Warehouse, office, and apartments for sale in Geneva, OH.

Type:INDUSTRIAL

Property size:

7,875 SF

Lot size:

0.46 Acres

Price / SF:

$40/SF

HighLights

Investment opportunity with existing leases generating monthly gross income from warehouse, office, and apartments.
4,095± SF leased warehouse space generating $1,400 monthly gross income, expiring 8/31/2025.
Two apartments on the upper level generating a combined $2,200 monthly gross income.
Offers 600 amp, 208 volt, 3‑Phase Power, suitable for various industrial or commercial uses.
Includes a vacant .17± acre for outside storage.
Owner willing to lease back office/warehouse for $1,400 monthly gross.

We can help!

Listing Contact

Timothy Sawicki

For Sale

Contact for pricing

Warehouse, office, and apartments for sale in Geneva, OH.

Type:INDUSTRIAL

Property size:

7,875 SF

Lot size:

0.46 Acres

Price / SF:

$40/SF

Added:: Jul 16, 2021
Days on Market:: 1794
Last Refresh:: May 20 at 8:36 pm

Property Features for 670 Sherman St

General Information

Standard status: Active
Size: 7,875 SF
Lot size: 0.46 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Timothy Sawicki

Listing agent Timothy Sawicki

Listing office Global Real Estate Advisors

Listing date Jul 16, 2021

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors

HighLights

Investment opportunity with existing leases generating monthly gross income from warehouse, office, and apartments.
4,095± SF leased warehouse space generating $1,400 monthly gross income, expiring 8/31/2025.
Two apartments on the upper level generating a combined $2,200 monthly gross income.
Offers 600 amp, 208 volt, 3‑Phase Power, suitable for various industrial or commercial uses.
Includes a vacant .17± acre for outside storage.
Owner willing to lease back office/warehouse for $1,400 monthly gross.

Overview

This mixed-use property in Geneva, OH, presents an investment opportunity or potential for owner occupancy. Constructed in 1935, the block building features a metal roof and a total area of approximately 7,875 square feet on a 0.288-acre lot. The property includes a 4,095-square-foot warehouse, currently leased for $1,400.00 monthly gross with a lease expiring on August 31, 2025. Additionally, there is a 1,890-square-foot office space, also leased for $400.00 monthly gross until August 31, 2025. The upper level contains two apartments, each approximately 1,890 square feet. Unit 1 is leased month-to-month for $1,300.00 monthly gross, and Unit 2 is leased month-to-month for $900.00 monthly gross. The warehouse benefits from 600 amp, 208 volt, 3-Phase power, T-5 lighting, a 13.4-foot clear ceiling height, and a 12’ x 12’ drive-in door. The zoning is R-4, Single Family Residential-High Density, with the warehouse use being legally non-conforming. A vacant 0.17-acre area is included for outside storage. The owner is willing to lease back the office/warehouse for $1,400 monthly gross.

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Similar Places Nearby

Nasuka Storage Facility — 771 Sherman St, Geneva, OH 44041
Broadway Storage Units — 21 S Broadway, Geneva, OH 44041
Torres Storage Units — 285 S Broadway, Geneva, OH 44041
Bruce Self Storage Facility — 101 Pleasant Ave, Geneva, OH 44041
Geneva Storage Co — 25 W Union St, Geneva, OH 44041

Location Insight

Map
Local Demand

City: Geneva
County: Ashtabula
State: Ohio
Longitude: -80.9427
Latitude: 41.7975

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For sale
Warehouses
OH
Geneva
670 Sherman St

What type of property is this?

Warehouse - Warehouse, office, and apartments for sale in Geneva, OH.

Where is this warehouse located?

The property is located at 670 Sherman St Geneva, OH.

What is the asking price?

The asking price for this property is $315,000.

What are key features of this property?

This property features: Investment opportunity with existing leases generating monthly gross income from warehouse, office, and apartments.; 4,095± SF leased warehouse space generating $1,400 monthly gross income, expiring 8/31/2025.; Two apartments on the upper level generating a combined $2,200 monthly gross income.

670 Sherman St, Geneva, OH

Warehouse, office, and apartments for sale in Geneva, OH.

Property Features for 670 Sherman St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Geneva Multifamily Property with Updates

Two-Unit Property Near Lake Erie

Turnkey Cafe, Salon, and Spa

Retail Plaza in Geneva, Ohio

Redevelopment Opportunity Near Interstate 90

Commercial Property on Main Street

Income-Producing Duplex with Commercial Building

Automotive Dealership Property

Boutique Motels Investment Opportunity

Medical Office Building For Sale

Retail Space in Geneva, Ohio

Medical Office Building For Sale

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