Overview

Description

The existing property has over 20,000 square feet of self storage and a market with demand for an additional 40,000 square feet. Demand is driven by boat and RV storage and the lack of storage space in the smaller New England Style homes that make up much of this market. This 38 acre site is perfect for continued storage and residential development. The market feasibility study shows unmet demand for self storage and the northeast side of the property is adjacent to existing residential development.
Perfect site for residential development to increase storage demand
Storage feasibility study, wetlands assessment, ALTA Survey, and Phase 1 Environmental Report available


This property is situated in the New England style town of Vermilion, Ohio. Only forty minutes from downtown Cleveland, this lake town has seen lots of traffic for boating enthusiasts and vacationers. The small town feel with the access to Lake Erie makes Vermilion an ideal spot for self storage an rental homes.

Highlights

• Extremely versatile property
• High demand/traffic area
• Within a mile of intersection of Route 2 and Route 60
• Potential Tax benefits
• Due Diligence items are available upon execution of a confidentiality agreement including a Self Storage feasibility study, Phase 1 environmental report, ALTA Survey, and a wetlands assessment.

Documents

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