Listed By
Agency Name: Keller Williams Greater Cleveland Northeast
Agency Contact: rick.osbornejr@kw.com, 440-299-5190
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property 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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Days on Market: 2
Heating: Forced Air
Lot Size: 2.98 Acres
Stories: 2.0
Taxes: $6,532 / year
Year Built: 1976
Feature Descriptions
Parcel#: 20-004800
Parking: Aggregate, Asphalt, Common, Concrete
Sewer: Septic Tank
Units: 6
Water: Private, Well
Local Schools
School District: Berkshire Local
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9755 Plank Road | MLS# 5214684
This commercial property located at 9755 Plank Road, Montville, OH 44064 is currently listed for sale with an asking price of $800,000. Plank Road is located within the Berkshire Local school district. Search Montville real estate on www.cutlercigroup.com today.