14647 State Rte 511, Oberlin, OH 44074-9460
This exceptional 56-acre industrial property in Oberlin, Ohio, presents a significant investment opportunity. Located on State Route 511, the property boasts a substantial Berea Formation sandstone quarry with an estimated 400 million tons of premium sandstone reserves. Current operations encompass sandstone extraction across 10 acres, producing a diverse range of products including custom-cut sandstone slabs for landscaping and architectural applications, various types of sandstone blocks for erosion control, aggregate stone for various construction uses, and petroleum cores for global oil and gas industry testing. The property also includes a unique spring water asset, with associated water and mineral rights, offering significant additional potential for development and revenue generation. Existing infrastructure includes three buildings: a large 8,400 square-foot building, a smaller 900 square-foot building, and a 412 square-foot office building, providing ample space for operations and administration. The total property size is 9,700 square feet. This turnkey operation offers immediate revenue streams and significant long-term growth potential within both the sandstone and bottled water industries, making it an attractive investment for discerning buyers. The strategic location and diverse product offerings create a compelling opportunity to capitalize on established markets and explore new avenues for expansion. The property's substantial reserves and established infrastructure provide a solid foundation for continued success and profitability. The sale price is $6,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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Risks
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