419 E Market St - Industrial FOR SALE


Sandusky, OH 44870
$2,950,000 USD
419-871-1900
419 E Market St, Sandusky, OH for Sale
$2,950,000 USD
Industrial - FOR SALE
1/30
null | Request Cap Rate

419 E Market St
Sandusky, OH 44870


HIGHLIGHTS

  • Walkable from downtown Sandusky
  • -~60 parking spaces
  • -Shell space value add potential
  • -2023 Renovation

OVERVIEW

The 419 is your newest downtown Sandusky boutique hotel. Renovated in 2023, and prominently located nearby all Sandusky amenities, including short walking distance marinas, restaurants, bars, and ferrys. Lake views encompass the property, with Cedar Point a short distance away. The 419 features 10 spacious hotel rooms, with room occupancies that hold 6+ guests. The rooms are all large, over 500 sft, high speed internet, flat screen tv’s, plush bedding, and in room controlled air conditioning. 4 rooms come with fully equipped kitchens, while the rest include microwaves and refrigerators. Full laundry/utility room on site. The first floor features 6,481 sft of shell space, with an additional 2,537 sft of office space. The office space is currently leased by a local CPA. Convert the shell space to more hotel rooms to bolster revenue, develop into a hotel lounge/restaurant that integrates well with the building, or lease to local businesses. The building features two EV chargers, and ~60 parking spaces. This location is one of a kind, and strategically captures the best of the future development coming to the already rapidly growing Sandusky Downtown region.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.22

LAND SF

53,143

ZONING

CS

APN/PARCEL ID

56-01245-000

ASK ABOUT THIS PROPERTY

Dario MorminaKeller Williams CitywideMore Info
419-871-1900

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Dario MorminaKeller Williams CitywideMore Info
419-871-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.