42 Townline Road 151 - Warehouse FOR SALE
Norwalk, OH 44857 |
$1,095,011 USD
216-777-3049
42 Townline Road 151
Norwalk, OH 44857
HIGHLIGHTS
- Multi-Building Parcel: Features a 36,800 sf warehouse building & 3,500 sf back building on 3.52 acres.
- Short-Term Leases in Place: In both buildings, making the property attractive to both investors seeking lease extensions or owner-users in search
- Recent Roof Improvements: Performed in 2023 covering approximately 12,500 SF of the warehouse property,
- Strategic Location with Strong Logistics Access: Located in Northern Ohio, offering easy access to major transportation routes such as Interstate 80
- Underutilized Property with Potential for Modernization: The property offers an attractive basis with significant upside potential through renovations
- Local Economic Stability and Support: Norwalk is part of Huron County, a region with a stable local economy, supported by diverse industries
FOR SALE DETAILS
PRICE
$1,095,011 USD
PRICE/SF
$30 USD /SF
CAP RATE
9.73%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
VALUE-ADD INDUSTRIAL BUILDING
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
UTILITIES
Gas, Heating
CLEAR CEILING HT
12 Ft
DOCKS
2
DRIVE INS
2
PARKING SPACES
10
LAND DETAILS
LAND ACRES
3.52
LAND SF
153,331
ZONING
Commercial
APN/PARCEL ID
30-0040-02-037-0000,30-0040-02-038-0000
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216-777-3049
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216-777-3049
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