Walmart Shadowed Retail & Land

Land Description

Walmart Shadowed Retail and Commercial Land

RealINSIGHT Marketplace | Online Auction Dec. 14-16, 2020

Investment Highlights

•±29,376 SF freestanding retail building on ±15.7 acres shadow anchored by Walmart and Lowe's with highway visibility

•Well located in an established retail trade area with national retailers including Sam's Club, Meijer, Harley-Davidson, Kohl's, Home Depot, all in close proximity helping draw consumers to the area

•Sandusky is home to Cedar Point (2019 Best Amusement Park in the America) and indoor waterparks of Kalahari and Great Wolf Lodge with a total of 10 million annual visitors. (Source: USA Today's 10Best)

•Favorable C-2 zoning, general commercial district

•Development opportunity available on adjacent parcel

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±29,376 SF freestanding retail building (Property) located adjacent to 1105 Ramada St in Sandusky, Ohio. Positioned adjacent to a traffic-driving Walmart in a super-regional retail trade area, the Property provides an opportunity to acquire a commercial asset at a fraction of its replacement cost with significant value add opportunities.

Originally constructed in 1990, the Property is situated on two adjacent parcels totaling ±15.7 acres. The building and parking lot are contained on 8.55 acres with the additional 7.14-Acre parcel offering the opportunity for future development.

Sandusky is in Erie County and the Property is approximately 60 miles east of Toledo and 60 miles west of Cleveland along Ohio SR 2. Erie County is a growing business hub that is well-positioned for investment, growth, and development. The Property is positioned along the Milan Road off ramp from Ohio SR 2 and benefits from traffic counts of ±22,701 vehicles per day along Ohio 2 and 30,249 vehicles per day along Milan Road. Within a five-mile radius, the Property has a 2020 population of ±42,135 and an average household income of ±$59,622. The Property is surrounded by large residential communities near a diverse mix of major employers and other economic drivers.

Auctioneer: Thomas Seaman | Keller Williams Greater Cleveland | Lic.