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    247 Lakeshore Rd Port Clinton, OH 43452

    For Sale
    $3,500,000

    Prime Ohio Waterfront Investment

    Property size:
    23,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property in Port Clinton, Ohio, presents a unique investment opportunity. The main building boasts over 23,000 square feet, encompassing 140 inside rack storage spaces, retail areas, offices, and a shop. A secondary steel-sided building (36' x 68' x 2 stories) serves as a canvas shop. The 9.877-acre site features over 400 feet of river frontage, including 5.46 paved and stoned acres with two boat lift wells, one hoist well, and six fuel service pumps (15,000-gallon storage). A valuable State Liquor License (C-2 & C-2x transfer) is included. The property also includes approximately 20 exterior boat racks and 10 in-water slips, along with roughly 140 feet of boat staging seawall. Additional structures include a mini-storage facility with multiple rental units across two buildings. This expansive property offers significant potential for diverse commercial ventures. The property's location in Port Clinton, Ohio, offers easy access to the water and is situated at 247 W Lakeshore Road, zip code 43452. The property is comprised of multiple parcels, with the main site offering significant waterfront access and improved acreage. The included liquor license adds considerable value to this already impressive offering.

    Property Features for 247 Lakeshore Rd

    General Information

    Property type
    Land
    Square Feet
    23,000 SF
    Lot Size
    430,242 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Port Clinton
    County
    Ottawa
    State
    Ohio
    Longitude
    -82.9443798
    Latitude
    41.5161681

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    FAQs

    What type of property is this?
    Land - Prime Ohio Waterfront Investment
    Where is this land located?
    The property is located at 247 Lakeshore Rd Port Clinton, OH.
    What is the asking price?
    The asking price for this property is $3,500,000.
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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
    247 Lakeshore Rd Port Clinton, OH 43452
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