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This exceptional mixed-use property in Geneva, Ohio presents a compelling investment opportunity or owner-occupancy scenario. The 7,875 square foot building, constructed in 1935 with renovations in 1985, comprises a 4,095 square foot warehouse, a 1,890 square foot office space, and two 1,890 square foot apartments on the upper level. Currently, the apartments generate a combined monthly gross lease income of $3,550, although leases expire in May 2022. The warehouse features a 12' x 12' drive-in door, 13-foot clear ceiling height, 600 amp, 208-volt, 3-phase power, and T-5 lighting. The property sits on a 0.46-acre lot, with an additional 0.17 acres available for outside storage. The building is of block construction with a metal roof. Zoned R-4 (Single Family Residential-High Density), the warehouse's use is legally non-conforming. The property enjoys a convenient location off SR 534, with easy access to US 20, SR 84, and Interstate 90. The asking price is $315,000, representing a price per square foot of $40. The seller is open to leasing back the office and warehouse space for $1,400 per month gross. This property offers a unique blend of income potential and versatile space, making it an attractive proposition for a variety of buyers.
Highlights
Warehouse/Office/Apartment Complex For Sale.
Ideal Investment or Owner-Occupancy Opportunity.
7,875± SF Building on a .288± Acre Lot.
4,095± SF Warehouse Space.
1,890± SF Office Space.
Two (2) 1,890± SF Apartments.
Property Details
for 670 Sherman St
Property type
Other warehouses, Other office properties
Square Feet
7,875 SF
Year Built/Renovated
1935/1985
Buildings
1
Stories
2
Lot Size (sq. ft)
20,038 SF
Units
3
Location Insight
City
Geneva
County
Ashtabula
State
Ohio
Latitude
41.79757
Longitude
-80.9429343
670 Sherman St, Geneva, Ohio
Nearby Similar for Sale
For Sale
$895,000
Highway Commercial Development Opportunity
2.72-acre site, high traffic, redevelopment potential
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