534 Fulton St Sandusky, OH 44870-2346
This exceptional mixed-use property at 534 Fulton St, Sandusky, OH 44870, presents a compelling investment opportunity. The 2,648 square foot building, constructed in 1945, sits on a 0.08-acre lot (APN 5900132000) and boasts a prime location across from Miami Park at a busy six-point intersection, ensuring high visibility. The property features a ground floor retail space, previously a beauty salon, offering ample open area, a separate bathroom, and a laundry room equipped with gas heat and central air. Upstairs, two residential apartments provide additional income streams. A one-bedroom unit currently leases for $650 per month, while the two-bedroom unit has a rental potential of $900 per month. Both apartments benefit from recently updated stairs and decks, and each unit has individual utility meters. The building also includes a basement offering valuable storage space. The property is currently 33% occupied, with a total of three units. The asking price is $160,000, translating to $60.42 per square foot. This mixed-use building offers a unique blend of commercial and residential income potential in a vibrant urban setting. The property's strategic location and versatile layout make it an ideal investment for both seasoned and aspiring entrepreneurs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.