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    670 Sherman St Geneva, OH 44041

    Sponsored
    For Sale
    $315,000

    7,875 SF Warehouse, Office, Apartments

    Property size:
    7,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Geneva, Ohio presents a compelling investment opportunity or owner-occupancy scenario. The 7,875 square foot building, constructed in 1935 with renovations in 1985, comprises a 4,095 square foot warehouse, a 1,890 square foot office space, and two 1,890 square foot apartments on the upper level. Currently, the apartments generate a combined monthly gross lease income of $3,550, although leases expire in May 2022. The warehouse features a 12' x 12' drive-in door, 13-foot clear ceiling height, 600 amp, 208-volt, 3-phase power, and T-5 lighting. The property sits on a 0.46-acre lot, with an additional 0.17 acres available for outside storage. The building is of block construction with a metal roof. Zoned R-4 (Single Family Residential-High Density), the warehouse's use is legally non-conforming. The property enjoys a convenient location off SR 534, with easy access to US 20, SR 84, and Interstate 90. The asking price is $315,000, representing a price per square foot of $40. The seller is open to leasing back the office and warehouse space for $1,400 per month gross. This property offers a unique blend of income potential and versatile space, making it an attractive proposition for a variety of buyers.

    Property Features for 670 Sherman St

    General Information

    Property type
    Distribution properties
    Square Feet
    7,875 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built/Renovated
    1935/1985
    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Warehouse/Office/Apartment Complex For Sale.
    • Ideal Investment or Owner‑Occupancy Opportunity.
    • 7,875± SF Building on a .288± Acre Lot.
    • 4,095± SF Warehouse Space.
    • 1,890± SF Office Space.
    • Two (2) 1,890± SF Apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9429343
    Latitude
    41.79757

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    FAQs

    What type of property is this?
    Distribution property - 7,875 SF Warehouse, Office, Apartments
    Where is this distribution property 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: Warehouse/Office/Apartment Complex For Sale.; Ideal Investment or Owner-Occupancy Opportunity.; 7,875± SF Building on a .288± Acre Lot.
    Request Owner's contact information
    670 Sherman St Geneva, OH 44041
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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
    670 Sherman St Geneva, OH 44041
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