101 @ State 412 Castalia, OH 44870
This exceptional 40-acre commercial land parcel presents a unique investment opportunity in Sandusky, Ohio. Located at the intersection of State Route 101 and State Route 412, this property offers unparalleled access to major transportation arteries. Minutes from downtown Sandusky, it enjoys proximity to Lake Erie, State Route 2, and the Ohio Turnpike (Interstate 80/90), ensuring high visibility and convenient access for businesses. The site boasts existing rail access via the Norfolk Southern Railway, adding significant logistical advantages. All essential utilities—water, sanitary sewer, electricity, and gas—are readily available nearby. This expansive lot is zoned for commercial use and is situated within an Enterprise Zone, potentially offering attractive tax incentives. The property's size allows for flexibility, with the possibility of subdivision to accommodate multiple developments or a large-scale project. Built in 1950, this property offers a blank canvas for a wide range of commercial ventures, from retail and industrial to logistics and distribution. The asking price for this remarkable opportunity is $1,600,000. Don't miss this chance to acquire a strategically located, sizable parcel with significant development potential in a thriving Ohio community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.