Technical
Financial
Distress signals
Property profile

301 Water St Sandusky, OH 44870

OFF-MARKET
Turn key restaurants
Property ID
US66-6298846
12,480 SF 0.12 ac lot Built 1920
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 301 W Water Street in the vibrant city of Sandusky, Ohio, presents a compelling investment opportunity. Boasting a substantial 12,480 square feet of space, this general commercial building sits on a conveniently sized 0.12-acre lot, offering ample room for a variety of business ventures. The property's strategic location in Sandusky provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in this thriving community. The asking price of $549,900 represents a significant value for a property of this size and location. The building's versatile layout allows for customization to suit diverse business needs, providing flexibility for potential tenants or owners. Its robust construction ensures longevity and minimal maintenance requirements. This property is ready for immediate occupancy and presents a rare chance to acquire a well-situated commercial space in a desirable Ohio market. The ample square footage and prime location make this an attractive option for businesses seeking expansion or a new home base. Serious inquiries are encouraged to explore the potential of this exceptional commercial property and its significant return on investment. Don't miss this opportunity to secure a valuable asset in a growing area. Further details and viewing arrangements can be made upon request.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Total area 12,480 SF
Lot 0.12 ac (5,271 SF)
APN 56-01147-000
UPID US66-6298846

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store

Location

301 Water St Sandusky, OH 44870-2424
Sandusky metro Census 40802 SANDUSKY, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$778k
Blend (final) Blend
$475k

Owner & transaction history

since 2020
Last sale
$529,000
4 recorded transactions
2021
Price N/A
2020
Price N/A
2012
$165,250
2005
$169,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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