Commercial Real Estate for Sale at 9755 Plank Road in Montville, OH for $800,000

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9755 Plank Road | Montville

$800,000 | 0.0 Sq. Ft.

Prime Multi-Tenant Industrial Investment Opportunity in Montville Township! \r\nThis highly functional industrial complex offers immediate stable cash flow with exceptional value-add potential. A diverse, income-producing asset featuring four massive drive-in bays (ranging from 900 to 7,800 SQFT) and 5,100 SQFT of dual-floor corporate office space.\r\n\r\nThe property features a strong, diversified tenant mix with one large owner-occupied space that could be used for an additional tenant. Cap rate would be significantly increased by leasing the current owner-occupied space which is not producing any rent. Landlord overhead is kept exceptionally low: leases require tenants to manage their own interior HVAC/plumbing maintenance, while shared utilities are submetered or prorated. \r\n\r\nZoning allows for many uses ranging from light industrial to commercial to specific retail businesses.\r\n\r\nPerfect for an investor looking for a low-management, inflation-resistant asset or an owner-user wanting future expansion space. Do not miss out on this dominant regional footprint\u2014call today for the full offering memorandum, current cap rate, and rent rolls. MLSNow 5214684 Directions to property: Just south of intersection of 86 (Plank Rd) and Route 6, near to 528

MLS Listing ID: 
MLSNow 5214684
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$800,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Warehouse
Primary Market Area: 
Montville
Address: 
9755 Plank Road, Montville, OH 44064
County: 
Geauga
Latitude: 
41.6060450
Longitude: 
-81.0573510
Directions: 
Just south of intersection of 86 (Plank Rd) and Route 6, near to 528
Public Remarks: 
Prime Multi-Tenant Industrial Investment Opportunity in Montville Township! \r\nThis highly functional industrial complex offers immediate stable cash flow with exceptional value-add potential. A diverse, income-producing asset featuring four massive drive-in bays (ranging from 900 to 7,800 SQFT) and 5,100 SQFT of dual-floor corporate office space.\r\n\r\nThe property features a strong, diversified tenant mix with one large owner-occupied space that could be used for an additional tenant. Cap rate would be significantly increased by leasing the current owner-occupied space which is not producing any rent. Landlord overhead is kept exceptionally low: leases require tenants to manage their own interior HVAC/plumbing maintenance, while shared utilities are submetered or prorated. \r\n\r\nZoning allows for many uses ranging from light industrial to commercial to specific retail businesses.\r\n\r\nPerfect for an investor looking for a low-management, inflation-resistant asset or an owner-user wanting future expansion space. Do not miss out on this dominant regional footprint\u2014call today for the full offering memorandum, current cap rate, and rent rolls.
Community Information
School District: 
Berkshire LSD - 2801
Subdivision: 
Montville Sec 13
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1976
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Cooling System: 
Central Air
Water Source: 
Private,Well
Sewer: 
Septic Tank
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
2.98
Lot Size (Area): 
2.98
Lot Features
Parking Type: 
Aggregate,Asphalt,Common,Concrete
Total Parking Spaces: 
40
Public Record
Parcel Number: 
20-004800
Annual Tax: 
$6,532.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Greater Cleveland Northeast

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