8142 E Bayshore Rd - Residential Income FOR SALE


Marblehead, OH 43440
$1,895,000 USD
8142 E Bayshore Rd, Marblehead, OH for Sale
$1,895,000 USD
Residential Income - FOR SALE
1/27
null | Request Cap Rate

8142 E Bayshore Rd
Marblehead, OH 43440


HIGHLIGHTS

  • Lakefront Investment Opportunity on Marblehead Peninsula Located on Lake Erie near Islands
  • 100% Leased/ Rented Year Round with Frost Free Water Lines / City Water and Sewer
  • Private Beach and Fishing Pier / Located on Lake Erie- Walleye Fishing Capital of the World!
  • 12 Boat Docks/ 6 Jet Ski Docks/ Potential to add 20+ Docks plus 1 additional lot for added income potential
  • 30x30 Party Center with Patio Overlooking Lake Erie's Beautiful Sunsets

OVERVIEW

Rare opportunity to own Lake Erie Lakefront investment property located on Marblehead Peninsula. Mobile Home Park and Marina (Boat and Jet Ski Docks) located in the heart of Lake Erie's tourist destination with ferry service to the Islands. Tourists and locals' enjoy area attractions which include Kelleys Island, Put-in-Bay, Catawba Island, Middle Bass Island, Cedar Point Amusement Park, Beaches, Resorts, Wineries, Breweries, Restaurants, Coffee Houses, Bars, Dempsey State Park and boat launch etc. Recent Capital Improvements include Seawalls $210,000. Frost-Free water lines for year round leasing $30,000.00 900 Sq. Ft. Party Center Renovations $25,000.00. Additional information provided on attached PDF. Please Note: Confidentiality Agreement & Appointment is Required. Do Not Approach Property or Residents! All Agents, Brokers and Buyers are bound by a Confidentiality and Appointment Requirement.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$2,106 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakefront Investment Opportunity Near Islands

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.26 AC

LAND SF

98,446 SF

ZONING

-

APN/PARCEL ID

014-1128515100000

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