2633 Milan Rd Sandusky, OH 44870
This 1.24-acre commercial land parcel in Sandusky, Ohio, presents a unique investment opportunity. Located at 2633 Milan Rd (US 250), this highly visible corner lot boasts approximately 331 feet of frontage. Its strategic position on the main route to Cedar Point Amusement Park ensures significant traffic exposure. The property is situated just a quarter-mile east of a Kroger Marketplace and 1.5 miles north of the Sandusky Mall, providing convenient access to established retail centers. A key advantage is its location directly across from a new Starbucks, scheduled to open in 2024, further enhancing its desirability. The sale includes eight Erie County parcels (APN: 57-03322.000, 57-00158.000, 57-00157.000, 57-00160.000, 57-00159.000, 57-03374.000, 57-03541.000, 57-03542.000). Note that automotive use is restricted. This property is also available for ground lease. The asking price is $1,000,000. This prime location offers exceptional potential for various commercial ventures.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.