42 Townline Road 151 - Warehouse FOR SALE
Norwalk, OH 44857 |
$1,050,000 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
$1,050,000 USD
PRICE/SF
$29 USD /SF
CAP RATE
12.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
36,800 SF Industrial Building Available
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
Distribution, Manufacturing, Showroom
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1971
UTILITIES
Gas, Heating
CLEAR CEILING HT
13 Ft
DOCKS
2
DRIVE INS
2
PARKING SPACES
30
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
ASK ABOUT THIS PROPERTY
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216-777-3049
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216-777-3049
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