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Property profile & analytics
OFF-MARKET
Warehouses

325 Main Rd Conneaut, OH 44030-9604

1,116 SF 0.17 ac lot Built 1940
Individually Owned 9-yr Hold Free & Clear
Property ID
US66-1549718
Property summary
AI-generated overview

This exceptional commercial property in Conneaut, Ohio, presents a unique investment opportunity. Located on a 0.43-acre corner lot, this property comprises two parcels and boasts high traffic visibility. The 1,116 square foot building, formerly a gas station, has been meticulously prepared for its next chapter. All underground gas tanks and piping have been removed with full EPA approval, ensuring a clean slate for future development. The building features an overhead door for convenient access, two bathrooms (approximately 6x4 each), and a utility room. The property also includes approximately 25 parking spaces, making it ideal for a variety of uses. The building is equipped with 200 amp, 240-volt, 3-phase electrical service, along with city water and sewer connections. A commercial security system is already in place. The property's zoning is commercial, allowing for diverse possibilities, including a convenient store, small garage, car sales, beauty shop, office, or retail space. The seller is open to build-to-suit options, offering flexibility for potential buyers. This is a vacant property, ready for immediate occupancy and customization. The asking price is $275,000.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1940
Construction WOOD
Total area 1,116 SF
Lot 0.17 ac (7,405 SF)
APN 12-329-00-128-00
UPID US66-1549718
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Michael L Bambarger · 9 yrs held
Michael L Bambarger
since 2016
2 recorded transactions
2016
$16,000
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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