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$ 770,000
$ 800,000 3.8%
2.98 Acres Lot
$ 770,000
$ 800,000 3.8%
2.98 Acres Lot
Key Details
Sold Price $770,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Subdivision Montville Sec 13
MLS Listing ID 5214684
Sold Date 08/28/26
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1976
Annual Tax Amount $6,532
Tax Year 2025
Lot Size 2.980 Acres
Acres 2.98
Property Sub-Type Warehouse
Property Description
This highly functional industrial complex offers immediate stable cash flow with exceptional value-add potential. A diverse, income-producing asset featuring four massive drive-in bays (ranging from 900 to 7,800 SQFT) and 5,100 SQFT of dual-floor corporate office space.
The property features a strong, diversified tenant mix with one large owner-occupied space that could be used for an additional tenant. Cap rate would be significantly increased by leasing the current owner-occupied space which is not producing any rent. Landlord overhead is kept exceptionally low: leases require tenants to manage their own interior HVAC/plumbing maintenance, while shared utilities are submetered or prorated.
Zoning allows for many uses ranging from light industrial to commercial to specific retail businesses.
Perfect for an investor looking for a low-management, inflation-resistant asset or an owner-user wanting future expansion space. Do not miss out on this dominant regional footprint—call today for the full offering memorandum, current cap rate, and rent rolls.
Location
State OH
County Geauga
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Aggregate, Asphalt, Common, Concrete
Water Access Desc Private,Well
Present Use Commercial,Office,Warehouse
Total Parking Spaces 40
Building
Sewer Septic Tank
Water Private, Well
Level or Stories Two
Construction Status Updated/Remodeled
Schools
School District Berkshire Lsd - 2801
Others
Tax ID 20-004800
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Financing Cash
Special Listing Condition Standard
Bought with Bruce R Warring • The Shores Realty Co.
Nearby Locations
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