4655 State Road FOR SALE


Peninsula, OH
$1,500,000 USD
330-730-7389
, Peninsula, OH for Sale
$1,500,000 USD
FOR SALE
1/11
null | 8% Cap Rate

4655 State Road
Peninsula, OH


HIGHLIGHTS

  • Multiple options for this facility makes it very unique
  • High visibility & traffic count

OVERVIEW

This is a single, 1.94 acre parcel with 2 addresses (4651-4655 State Rd). 4651 State Rd. is a 13,200 sf building that is being used for industrial/manufacturing and we have a lease with the current tenant that will expire on August 31, 2026. The lease payment is $6,300/mo. The tenant has expressed interest in renewing the lease. 4655 State Rd. is 11,200sf. of storage units which were renovated in 2024. There are 129 doors. This facility opened for business on February 1, 2025 and is currently 70% occupied. There is room for price increases as we kept pricing lower to attract business. We had plans to convert the front building (4651 State Rd) to indoor, climate controlled storage and two retail offices when the current tenant moved out. There is little to no indoor storage in the area.

ASK ABOUT THIS PROPERTY

Tom Coffman - Agent 377Cuyahoga Falls Storage, LLCMore Info
330-730-7389

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Tom Coffman - Agent 377Cuyahoga Falls Storage, LLCMore Info
330-730-7389

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