5876 Puffer SW Rd South Boardman, MI 49680-9723
Exceptional value at under $23 per square foot, this 35,120-square-foot warehouse is situated on over 10 acres of land in South Boardman, Michigan, at 5876 Puffer Road, 49680. The building, measuring approximately 500 feet by 70 feet, features a north side that is insulated, while the south end offers cold storage capabilities. While some cosmetic updates are recommended, the structure is dry and boasts a newer roof installed within the last 10 years. Currently utilized for boat storage, utilities including heat and water have been inactive. The property includes a propane tank and an oil furnace located on the north side. A well and septic system are present but haven't been used recently and require inspection by the buyer. The property is fenced on three sides, offering enhanced security. Conveniently located, it's easily accessible from the intersection of Boardman Road and US 131. This presents a unique opportunity for investors seeking a substantial industrial property with significant potential. The asking price is $799,000.
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
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