1920 Fairport Nursery Rd Fairport Harbor, OH 44077-4482
- Industrial properties
- 48,010 SF
- 5.00 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 1920 Fairport Nursery Rd
- Year built
- 1946
- Construction
- WOOD
- Lot size
- 5.00 lot acres
- Property size
- 48,010 SF
- Property type
- Industrial properties
- APN
- 12-A-059-0-00-026-0
- APU
- 12A0590000260
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $525,000
- 6.5%
- $495,000
- 7%
- $485,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $500,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $535,000
- Retail
- $435,000
- Mixed-Use
- $545,000
- Hospitality
- $490,000
- Educational
- $450,000
- Residential Income
- $465,000
- Energy
- $510,000
- Income-Based Land
- $540,000
- Food Service
- $560,000
Location Insight
- Map
- Local Demand
- City
- Fairport Harbor
- County
- Lake
- State
- Ohio
- Longitude
- -81.2635
- Latitude
- 41.755
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
