Industrial Building for Sale--Income Producing Property
$800,000
9755 Plank Road, Montville, OH 44064
20,800 sqft
Building Size
2.98 acres
Lot Area
Details:
Highlights:
- Strong cash flow with value-add upside through leasing owner-occupied space
- 4 drive-in bays (900–7,800 SF) plus 5,100 SF of office space
- Low-operating expenses with flexible industrial/commercial zoning
Description:
Prime Multi-Tenant Industrial Investment Opportunity in Montville Township! This 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. The 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. Zoning allows for many uses ranging from light industrial to commercial to specific retail businesses. Perfect 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—call today for the full offering memorandum, current cap rate, and rent rolls.
Southeast corner of SR 86 and SR 6 in Montville, Ohio. Within close proximity, to Montville Business Park and Chardon Square are just a short drive away. This is an exceptional opportunity for an Office / Office Warehouse investor seeking to be part of a dynamic and supportive business environment in a picturesque setting.
2 Spaces Available
Office, 2 Warehouse
1800 total square feet of office available. Lease is $10.66/sq ft gross . Office space is dividable into 900 square feet. 3 year minimum lease.
Warehouse, 1 Warehouse
900 square feet of warehouse available. Lease is $10.66/sq ft gross .3 year minimum lease. 6 foot door.
Documents:
| Title | ||
|---|---|---|
| KW • Offering Memorandum (P) | ||
| rendering.html |
Location
Gallery