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    670 Sherman St Geneva, OH 44041
    Property profile & analytics

    670 Sherman St, Geneva, OH 44041

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    • Manufacturing properties
    • 3,600 SF
    • 0.29 lot acres
    Mixed-Use Investment Opportunity For Sale
    $315,000
    7,875 SF

    Mixed-Use Investment Opportunity

    Warehouse, office, and apartments for sale in Geneva, OH.

    670 Sherman St, Geneva, OH
    View Listing
    Property ID
    US66-2054063
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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    Cap Rate Potential
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    Current Use by Public Records

    • Manufacturing properties

    Property Details for 670 Sherman St

    Year built
    1935
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property type
    Manufacturing properties
    APN
    20-015-00-096-00
    APU
    200150009600

    Description

    This exceptional mixed-use property in Geneva, Ohio presents a compelling investment opportunity or owner-occupancy scenario. The 7,875 square foot building, constructed in 1935 with renovations in 1985, comprises a 4,095 square foot warehouse, a 1,890 square foot office space, and two 1,890 square foot apartments on the upper level. Currently, the apartments generate a combined monthly gross lease income of $3,550, although leases expire in May 2022. The warehouse features a 12' x 12' drive-in door, 13-foot clear ceiling height, 600 amp, 208-volt, 3-phase power, and T-5 lighting. The property sits on a 0.46-acre lot, with an additional 0.17 acres available for outside storage. The building is of block construction with a metal roof. Zoned R-4 (Single Family Residential-High Density), the warehouse's use is legally non-conforming. The property enjoys a convenient location off SR 534, with easy access to US 20, SR 84, and Interstate 90. The asking price is $315,000, representing a price per square foot of $40. The seller is open to leasing back the office and warehouse space for $1,400 per month gross. This property offers a unique blend of income potential and versatile space, making it an attractive proposition for a variety of buyers.


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    Location Insight

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    • Local Demand
    City
    Geneva
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.9429
    Latitude
    41.7975
    CBSA code
    11780
    CBSA name
    ASHTABULA, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,217
    $4,760
    $29,190
    $33,950
    -
    $13,600
    $83,400
    $97,000
    View Listing
    More about this property
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