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This Industrial Property is no longer advertised on LoopNet.com.

5259 Devon Dr
Vermilion, OH 44089

Value-Add Industrial Opportunity | 50% Leased · Industrial Property For Sale

Investment Highlights

  • Recent 5-Year Lease Through 2026: Dewey Furniture recently signed a 5-year lease for their 30,000 SF space.
  • Docks & Drive-In Doors: The building is in excellent condition and includes 9 loading docks and 3 drive-in doors.
  • Value-Add Opportunity: New ownership has the opportunity increase NOI through to lease-up of the remaining vacancy.
  • Nearby access to downtown Vermilion, Lake Erie (indoor boat storage & warehousing), Cleveland Hopkins International Airport, Lorain Tubular Company.

PROPERTY FACTS

Property Type Industrial
Property Subtype Manufacturing
Building Class B
Lot Size 6.00 AC
Rentable Building Area 60,000 SF
No. Stories 1
Year Built 1975
Parking Ratio 0.17/1,000 SF
Clear Ceiling Height 25 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 1

Amenities

  • Fenced Lot

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-00833-000
Land Assessment
$23,485
Improvements Assessment
$338,355
Total Assessment
$361,840

zoning

Zoning Code Light Industrial
Light Industrial
  • Listing ID: 23401844

  • Date on Market: 6/14/2021

  • Last Updated:

  • Address: 5259 Devon Dr, Vermilion, OH 44089

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