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36,800 SF Industrial Building Available 42 Townline Road 151 36,800 SF Industrial Building Norwalk, OH 44857 $1,050,000 ($28.53/SF) 12.75% Cap Rate
Investment Highlights
- Multi-Building Parcel: Features a 36,800 sf warehouse building & 3,500 sf back building on 3.52 acres.
- Recent Roof Improvements: Performed in 2023 covering approximately 12,500 SF of the warehouse property,
- Underutilized Property with Potential for Modernization: The property offers an attractive basis with significant upside potential through renovations
- Short-Term Leases in Place: In both buildings, making the property attractive to both investors seeking lease extensions or owner-users in search
- Strategic Location with Strong Logistics Access: Located in Northern Ohio, offering easy access to major transportation routes such as Interstate 80
- Local Economic Stability and Support: Norwalk is part of Huron County, a region with a stable local economy, supported by diverse industries
Executive Summary
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113
Property Facts
Utilities
- Gas
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Suhr Custom Kitchens Inc
- Construction
- -
- -
- -
Custom kitchen Business in Norwalk, Ohio.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Suhr Custom Kitchens Inc | Construction | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Broker of Record Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 36,800 SF | Industrial | - | Now |
1st Floor
| Size |
| 36,800 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 36,800 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Broker of Record Matt Wallace License No. REC.2022007141 (OH) (866) 889-0550 Matthews Real Estate Investment Services, Inc 950 Main Ave., Suite 510, Cleveland, OH 44113
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $139,860 | |
| Land Assessment | $27,180 | Total Assessment | $167,040 |
Property Taxes
Parcel Numbers
Land Assessment
$27,180
Improvements Assessment
$139,860
Total Assessment
$167,040
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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36,800 SF Industrial Building Available | 42 Townline Road 151
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