508 Perkins Ave Sandusky, OH 44870
- Grocery and convenience stores
- 2.35 lot acres
Current Use by Public Records
- ThorWorks West Perkins / Warehouse
- ThorWorks Industries Inc / Warehouse
Property Details for 508 Perkins Ave
- Lot size
- 2.35 lot acres
- Property type
- Grocery and convenience stores
- APN
- 32-00902-001
- APU
- 3200902001
Description
This exceptional Sandusky, Ohio investment opportunity encompasses two prime commercial land parcels totaling 2.35 acres at 508 W. Perkins Ave, zoned I-1 Light Industrial, permitting C-1 and C-2 uses. Each site boasts high visibility and high traffic exposure on Perkins Avenue, featuring curb cuts for convenient access. Site A measures approximately 1.24 acres, while Site B is roughly 1.11 acres. Purchasers can acquire either site individually for $375,000 or both for $595,000, representing a land value of $253,191.49 per acre. The property's location within a thriving community, boasting a population of 39,819 within a 5-mile radius and an average household income of $63,321, presents significant potential for business growth. This build-to-suit opportunity allows for customized development, catering to a variety of commercial and industrial needs. The property's APN is 32-00902.001. This is a rare chance to secure a prime commercial property in a desirable location. The property is located in Erie County, Ohio, zip code 44870.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $490,000
- 6.5%
- $485,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $405,000
- Mixed-Use
- $395,000
- Hospitality
- $470,000
- Educational
- $510,000
- Residential Income
- $410,000
- Energy
- $510,000
- Income-Based Land
- $450,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Sandusky
- County
- Erie
- State
- Ohio
- Longitude
- -82.7075
- Latitude
- 41.4326
- CBSA code
- 41780
- CBSA name
- SANDUSKY, OH METROPOLITAN STATISTICAL AREA