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42 Townline Road 151, Norwalk, OH, 44857

FOR SALE & LEASE: VALUE-ADD INDUSTRIAL BUILDING
$1,050,000

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Highlights

LEASE RATE: 3.25/SF NNN

LIST PRICE: $1,050,000

INVESTMENT HIGHLIGHTS

  • Multi-Building Parcel: Features a 36,800 sf warehouse building & 3,500 sf back building on 3.52 acres.
  • Short-Term Leases in Place: In both buildings, making the property attractive to both investors seeking lease extensions or owner-users in search of a home for their business in early 2026.
  • Recent Roof Improvements: Performed in 2023 covering approximately 12,500 SF of the warehouse property, with the remainder believed to have substantial useful life remaining.
  • Strategic Location with Strong Logistics Access: Located in Northern Ohio, offering easy access to major transportation routes such as Interstate 80, Interstate 90, and U.S. Route 250.
  • Underutilized Property with Potential for Modernization: The property offers an attractive basis with significant upside potential through renovations or upgrades.
  • Local Economic Stability and Support: Norwalk is part of Huron County, a region with a stable local economy, supported by diverse industries such as agriculture, manufacturing, and logistics. The region also benefits from a favorable business environment with tax incentives and supportive local government policies that encourage business investment and job creation.

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113

Key Information

Cap Rate
10.15%
$ per SF
$26
Tot. SF
36,800
Year Built
1971
Term Remaining
±0.67 YRS
Type
Industrial