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1022 Marks Rd 1022 Marks Rd

6,900 SF Industrial Building Valley City, OH 44280 $525,000 ($76/SF)

Investment Highlights

  • 10’ x 10’ drive-in door, (1) 8’ x 10’ dock door, (1)10' x 14’ side door
  • Exceptional opportunity for owner-occupiers and savvy investors alike
  • 1,500 square feet of office space and a sprawling 5,400 square feet of versatile warehouse area

Executive Summary

This 6,900 square foot warehouse/office property boasts 1,500 square feet of office space and a sprawling 5,400 square feet of versatile warehouse area. The front office space and showroom features four offices and two restrooms, while the warehouse space offers a 10' x 10' drive-in door, an 8' x 10' dock door at the rear, and a 10' x 14' side door. Additionally, the warehouse is equipped with two restrooms, two utility sinks, and a well-appointed kitchenette. The property features a front paved parking lot and a side gravel driveway leading to the rear, offering ample maneuvering space for a 53' semi. Prominent signage on the street and the building itself ensures excellent visibility. Zoned as a Limited Manufacturing and Research District, this property allows for a wide range of uses, including manufacturing of electric/metal/wood products, tool and die, machine shops, repair shops, contractor shops, storage, etc.
Currently leased with the lease set to expire December 31, 2024, this property once accommodated two tenants with a dividing wall providing separate access doors, offices, warehouses, and restrooms. This remarkable property presents an exceptional opportunity for owner-occupiers and savvy investors alike, with its combination of office and warehouse space, rear access with drive-in and dock doors, and prime location.

Taxes & Operating Expenses (Actual - 2023)

Annual Annual Per SF
Taxes $4,081 $0.59
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2023)

Taxes
Annual $4,081
Annual Per SF $0.59
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $4,081
Annual Per SF $0.59

Property Facts

Price $525,000
Price Per SF $76
Sale Type Owner User
Property Type Industrial
Property Subtype
Warehouse
  • Office Industrial Live Work Unit
Lot Size 1.00 AC
Rentable Building Area 6,900 SF
No. Stories 1
Year Built 1978
Clear Ceiling Height 14 FT 2 IN
No. Dock-High Doors/Loading 1

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
025-01B-33-003
Land Assessment
$20,210
Improvements Assessment
$68,300
Total Assessment
$88,510
Annual Taxes
$4,081 ($0.59/SF)
Tax Year
2023
  • Listing ID: 33791527

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 1022 Marks Rd, Valley City, OH 44280

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