34626 Royalton Rd Grafton, OH 44044
This exceptional offering presents two brand-new warehouse condos, ideally situated at 34626 Royalton Rd #2, Grafton, OH 44044, in Lorain County. Each unit boasts a range of sizes from 1,000 to 10,000 square feet, perfect for diverse needs. Built in 2024, these units feature 16-foot ceilings, 14-foot high insulated garage doors with a man door, and are drywalled and insulated. The construction includes a 6-inch concrete slab, 2x6 construction, OSB wall sheathing, heavy-gauge metal siding and roof, ensuring durability and strength. Individual units offer separate metered gas and 100-amp electrical service, along with onsite restrooms equipped with utility sinks and tankless hot water heaters. The high ceilings allow for the possibility of loft construction. Located on a 0.01-acre lot, this property benefits from its high-traffic state route location in a growing community, just minutes from the highway. These units are ideal for storing boats, cars, RVs, operating a business, or as a rental investment property with high cap rate potential. The APN is 11-00-015-000-048. The asking price is $260,000. Currently vacant, these units are ready for immediate occupancy.
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.
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Risks
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