3068 State St Fremont, OH 43420
This 4,414 square foot vacant manufacturing building in Fremont, OH, presents a compelling investment opportunity. Situated on a 3.181-acre lot (parcels 06-06-00-0025-00 & 06-06-00-0024-00), this single-story, Class C industrial property boasts a 14-foot ceiling height. Built in 1940, the building features office space, a break room, storage areas, restrooms, a large shop area, and service bays. Its location on State Route 20 near County Road 204 offers high visibility and convenient access. The property is zoned for General Business, allowing for flexible redevelopment potential. The asking price is $299,900 ($67.94/sq ft). Features include 3-phase electrical service. While the building is in fair condition, it offers significant potential for renovation and repurposing. The owner is open to considering all reasonable offers. This property is ideal for a buyer with the skills and resources to renovate and capitalize on its prime location and flexible zoning. The property is currently vacant and ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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