Drawbridge Marina and Storage
247 W Lakeshore Road Port Clinton, OH 43452
247 W Lakeshore Road, Port Clinton, OH, 43452
Contact for pricing
For Sale
Contact for pricing
Pending
Commercial property featuring marina, storage, and retail opportunities.
Property Size23,000 SF
Lot Size5.48 Acres
Days on Market674
Property Features for 247 W Lakeshore Road
General Information
- Standard status
- Pending
- Size
- 23,000 SF
- Lot size
- 5.48 Acres
- Property subtype
- Special Purpose
Listing agency
Century 21 Bolte Real Estate Port Clinton
Listed by
Len Partin · License #OH
Source
Crexi
Added: Sep 18, 2024 Updated: Jul 6 at 7:56AM Checked: Jul 22 at 12:53PM
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 Century 21 Bolte Real Estate Port Clinton
Investment Insights
Based on property information with market context.
This commercial property includes multiple sites. Site #1, Drawbridge Marina, features a main building over 23,000 square feet with 140 inside rack storage units, a retail area, offices, and a shop area. A second steel-sided, two-story building (36'x68') serves as a canvas shop. The site spans 5.46 paved and stoned acres with over 400 feet of river frontage, two boat lift wells, one hoist well, and six fuel service pumps with 15,000 gallons of storage. It also includes a beer and wine carry-out State Liquor License C-2 & C-2x transfer. There are 20 exterior boat racks and 10 in-water slips, along with approximately 140 feet of boat staging sea wall. Site #2, Lakeshore Mini Storage, provides easy access to two buildings. One building contains 15 individual rental storage units plus a 60' x 64' x 22' area, while the second building offers 28 individual rental units. This site covers 0.78 acres and has public water and sewer service available. Site #3, Three Mile Crossing, consists of two tax parcels with 3.61 acres and six buildings in a secure setting.
Key Highlights
- Main building with over 23,000 sq ft including 140 inside rack storage, retail, offices, and shop area.
- Over 400 feet of river frontage on 5.46 paved and stoned acres.
- Includes a beer and wine carry out State Liquor License C‑2 & C‑2x transfer.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.6k | $13.20 |
| − Vacancy | −$22.8k | −$0.99 |
| EGI | $280.8k | $12.21 |
| − OpEx | −$84.2k | −$3.66 |
| NOI | $196.6k | $8.55 |
23,000 SF · lease $13.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.20M
$7.17M – $9.56M
NOI $573,765 @ 7.0% cap · market cap 19.62%
Second Best
Self Storage
$2.81M
$2.46M – $3.28M
NOI $196,581 @ 7.0% cap · market cap 6.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Marina - Commercial property featuring marina, storage, and retail opportunities.
Where is this marina located?
The property is located at 247 W Lakeshore Road Port Clinton, OH.
What is the asking price?
The asking price for this property is $2,925,000.
What are key features of this property?
This property features: Main building with over 23,000 sq ft including 140 inside rack storage, retail, offices, and shop area.; Over 400 feet of river frontage on 5.46 paved and stoned acres.; Includes a beer and wine carry out State Liquor License C‑2 & C‑2x transfer.
