221 Perkins Ave Sandusky, OH 44870

This 3,024 square foot retail property, located at 221 W Perkins Ave in Sandusky, Ohio, presents a compelling investment opportunity. The building, constructed in 1985, sits on a 0.27-acre lot and features a convenient drive-thru on the east side, ample parking in front and back, and easy access to Perkins Avenue. Currently configured as two units, the free-span design allows for flexible use, with the potential to combine the spaces into a single, larger unit. The property boasts a high daily traffic count exceeding 21,000 vehicles, enhanced by a prominent pylon sign. The asking price is $449,000, representing a price per square foot of $148.48 and a 9.20% cap rate. The property is currently 50% occupied with a single tenant under a triple net lease (NNN). The property includes 10 parking spaces and is situated in Erie County, Ohio, with the APN 5702223000. This versatile building is ideal for a variety of retail uses and is available for sale, suitable for a 1031 exchange. The property's single-story design and convenient location make it an attractive investment prospect.