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42 Townline Road 151
Norwalk, OH 44857

$1,050,000 USD

Warehouse For Sale  •  36,800 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 36,800 SF
  • Lot Size 3.52 AC
  • Building Class C
  • Year Built 1971
  • Cap Rate 12.75 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
3 Walk Score

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

Property Flyers

Cap Rate: 12.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Suhr Custom Kitchens Inc

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: No
Evan Cianciolo 216-777-3049 Matthews Real Estate Investment Services
Evan Cianciolo 216-777-3049 Matthews Real Estate Investment Services