309 Williams St Cardington, OH 43315
This exceptional 5,656 square foot special purpose property in Cardington, Ohio, presents a unique investment opportunity. Located at 309 E Williams Street, this established automotive repair facility sits on a substantial 148,104 square foot lot and is priced at $389,700 ($68.90/sq ft). The main shop boasts multiple bays with varying ceiling heights and door sizes, accommodating diverse automotive needs. Specifically, there's one bay with a 12-foot door and 13-foot ceiling, two bays with 10-foot doors and 12-foot ceilings, and one bay with a 12-foot door and a 14-foot ceiling. The main shop also includes three offices, two half-baths, and two car lifts. Recent improvements include a new roof (2023), heating, and insulation. An additional 1200 square foot finished and heated shop with a 10-foot door and lift is also included, along with a 26x26 finished garage with drywall. The property further comprises a 3-unit residential home featuring new flooring and a new roof, complete with a living room and family room. Note that the sale is contingent upon obtaining a variance from the Village of Cardington for business/commercial use. This property is ideally suited for a thriving automotive business or a home-based enterprise. Built in 1965, this property offers a blend of established infrastructure and modern updates. The property's size and features make it a versatile option for various automotive-related businesses.
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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