1920 Fairport Nursery Rd Fairport Harbor, OH 44077-4482
This exceptional 44,980-square-foot industrial property, situated on 5.01 acres in Painesville Twp, OH (44077), presents a unique investment opportunity. Built in 1946, this single-story building boasts a versatile layout ideal for distribution, warehousing, or manufacturing. The property features 2 loading docks and 3 dock-high doors, ensuring efficient material handling. Ceiling heights range from 17 to 28 feet, accommodating various operational needs. The space includes approximately 41,380 square feet of industrial/manufacturing space, plus a partially built-out 3,600-square-foot office area and a 1,440-square-foot outbuilding. The property benefits from three 75kVa overhead transformers providing 240-volt, 3-phase power, along with multiple cranes (two 1/2-ton and three 2-ton). Zoned I-2 (Heavy Industrial), it offers convenient access to SR 2 and the Norfolk Southern rail line. Recent upgrades include new LED lighting (2023). An EPA Phase I environmental assessment is available. This former Tartan Boat manufacturing facility is ideally suited for various uses, including boat, car, motorhome, and semi-truck storage. The property's location offers close proximity to Lake Erie. The asking price is $1,950,000, with a price per square foot of $43.35. The APN is 12A0590000260.
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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