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    215 Mechanic St Waterville, OH 43566

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    For Lease
    $6 SF/Yr ($2,500 /Mo)

    Flexible space suitable for studio, warehouse, gym, or creative uses.

    Property size:
    5,000 SF
    Lot size:
    0.04 Acres

    Property Features for 215 Mechanic St

    General Information

    Size
    5,000 SF
    Lot size
    0.04 Acres

    Source: ComLink Realty Agent Scott Prephan

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

    Overview

    Versatile Waterville Studio/Warehouse/Gym Space

    Located at the corner of Mechanic and Third Street in Waterville, this property offers versatile space suitable for use as a studio, warehouse, gym, or creative space. The building features two floors, each with a private entrance, and a shared bathroom. The layout allows for use as one large space or separation into two distinct units. The property has a total size of 5000 square feet. This central location offers excellent potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Lucas
    State
    Ohio
    Longitude
    -83.7191682
    Latitude
    41.5004454

    Nearby Similar for Lease

    • $20 SF/Yr
      14,673 SF

      Prime Retail Building, Waterville, OH

      14,673 SF Free-Standing Retail Building
      8239 Waterville Swanton Rd, Waterville, OH 43566
      View Details
    • Contact for pricing
      645 SF

      Waterville Retail Space For Lease

      Prime 645 SF Retail Space in Waterville, OH
      214 Mechanic St, Waterville, OH 43566
      View Details

    FAQs

    What type of property is this?
    Warehouse - Flexible space suitable for studio, warehouse, gym, or creative uses.
    Where is this warehouse located?
    The property is located at 215 Mechanic St Waterville, OH.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Flexible use as studio, warehouse, gym, or creative space.; - Prime Waterville location at the corner of Mechanic and Third Street.; - Two spacious floors with private entrances.
    (419) 266-7378
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Mechanic St Waterville, OH 43566
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