Commercial Development Site with
For Sale
$1,950,000
2055 Cleveland Rd, Sandusky, OH 44870
Strategically located retail and office building on a sizable site with substantial road frontage on major corridors.
Property Size13,000 SF
Lot Size5.90 Acres
Price / SF$150
Days on Market108
Property Features for 2055 Cleveland Rd
General Information
Standard status
Active
Size
13,000 SF
Lot size
5.90 Acres
Taxes and HOA fees
Annual Taxes
$13,476
Listing Agency:
Hoty Enterprises, Inc.
(419) 609-7000
Listed By:
Mac Lehrer
(419) 357-4004
Source:
Exprealty
Added: Jun 24
Changed: Oct 4
Last Checked: Oct 7 at 2:48PM
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 Hoty Enterprises, Inc.
Investment Insights
Based on property information with market context.
The property includes nearly 13,000 square feet of commercial building with shop, office, and service areas, supported by a well-sized land parcel suitable for commercial development. The existing improvements provide flexible interior space for retail-oriented operations and service functions, while the surrounding acreage supports additional development planning.
The site is positioned at the entrance to Cedar Point in Ohio’s Vacationland, with approximately 600 feet of frontage along Cleveland Road and US Route 6. It benefits from direct placement on high-visibility, major-arterial corridors and proximity to multiple regional attractions, including indoor waterpark, Cedar Point Amusement Park, and nearby shoreline access.
For buyers and operators, the combination of an existing commercial building and development-ready land supports a range of retail, hospitality, entertainment, mixed-use, and sales or service-related uses, including boat, jet ski, and auto sales concepts. The property’s frontage and existing shop, office, and service layout make it well suited for businesses seeking both functional improvements and the option to expand on-site, subject to applicable approvals.
The site is positioned at the entrance to Cedar Point in Ohio’s Vacationland, with approximately 600 feet of frontage along Cleveland Road and US Route 6. It benefits from direct placement on high-visibility, major-arterial corridors and proximity to multiple regional attractions, including indoor waterpark, Cedar Point Amusement Park, and nearby shoreline access.
For buyers and operators, the combination of an existing commercial building and development-ready land supports a range of retail, hospitality, entertainment, mixed-use, and sales or service-related uses, including boat, jet ski, and auto sales concepts. The property’s frontage and existing shop, office, and service layout make it well suited for businesses seeking both functional improvements and the option to expand on-site, subject to applicable approvals.
Key Highlights
- Nearly 13,000 SF commercial building with shop, office, and service areas
- About 5.9 acres with ~600 ft of frontage along Cleveland Rd and US Route 6
- Positioned at the entrance to Cedar Point along major high‑traffic corridors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,261
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,220
$3.2M
Cap Rate 7%
$2,303,729
$2.3M
Cap Rate 9%
$1,791,789
$1.8M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$279.2K $21.48/SF
− Vacancy
−$64.2K −$4.94/SF
EGI
$215.0K $16.54/SF
− OpEx
−$53.8K −$4.13/SF
NOI
$161.3K $12.40/SF
Area
Erie County, OH
Vacancy
23.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,225,220
Cap Rate 7%
$2,303,729
Cap Rate 9%
$1,791,789
Alternative Uses
Best Use
Retail
$3.36M
$2.94M – $3.92M
NOI $235,381 @ 7.0% cap · market cap 12.07%
Second Best
Office B
$2.30M
$2.02M – $2.69M
NOI $161,261 @ 7.0% cap · market cap 8.27%
Theoretical Best
Multifamily LT 5
$143.06M
$125.18M – $166.91M
NOI $10,014,455 @ 7.0% cap · market cap 513.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 44870, OH
40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Strategically located retail and office building on a sizable site with substantial road frontage on major corridors.
Where is this retail space located?
The property is located at 2055 Cleveland Rd Sandusky, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Nearly 13,000 SF commercial building with shop, office, and service areas; About 5.9 acres with ~600 ft of frontage along Cleveland Rd and US Route 6; Positioned at the entrance to Cedar Point along major high‑traffic corridors
