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5259 Devon Dr | Vermilion, OH 44089
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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
![5259 Devon Dr, Vermilion, OH for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/gCSWaXyenIjVne9PYWoVUaGPC47VnrOIN8alcYhMzHg/110/5259-Devon-Dr-Vermilion-OH-Building-Photo-1-Large.jpg)
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 | Year Built | 1975 |
Property Subtype | Manufacturing | Parking Ratio | 0.17/1,000 SF |
Building Class | B | Clear Ceiling Height | 25 FT |
Lot Size | 6.00 AC | No. Dock-High Doors/Loading | 2 |
Rentable Building Area | 60,000 SF | No. Drive In / Grade-Level Doors | 1 |
No. Stories | 1 |
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
Parcel Number | 18-00833-000 | Improvements Assessment | $338,355 |
Land Assessment | $23,485 | Total Assessment | $361,840 |
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
The Industrial Property at 5259 Devon Dr, Vermilion, OH 44089 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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![5259 Devon Dr, Vermilion, OH for sale Building Photo- Image 1 of 1](https://images1.loopnet.com/i2/gCSWaXyenIjVne9PYWoVUaGPC47VnrOIN8alcYhMzHg/116/5259-Devon-Dr-Vermilion-OH-Building-Photo-1-LargeHighDefinition.jpg)
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