MLS#5205499
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLRittman Exempted Village
Property Description
Auction on-site and online Thursday, June 11th. Bidding Starts at 5:00PM EST. Open house Tuesday, June 2nd from 4:00PM to 7:00PM EST. This well-maintained self-storage facility offers 122 total units with a strong, functional mix, including 2 (10x10), 40 (10x15), 26 (10x20), and 2 (10x30) units, along with 52 35x12 outdoor parking spaces ideal for boat, RV, and vehicle storage. The diverse unit mix supports multiple revenue streams and consistent demand, contributing to the property's strong in-place income. The facility is fully secured with gated access, surveillance cameras, and on-site lighting, providing both tenant security and operational efficiency. Well maintained with minimal immediate capital needs, this asset offers stable cash flow with upside through rental increases and occupancy optimization. Located in Rittman, the property benefits from a key competitive advantage, as the city currently has a moratorium restricting new self-storage development. This barrier to entry helps limit future competition and supports long-term occupancy and rent growth, making it an attractive investment opportunity.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: None
Lot Size: 2.70 Acres
Roof Type: Aluminum
Taxes: $8,699 / year
Year Built: 2006
Feature Descriptions
Days on Site: 32
Fencing: Fenced, Gate
Parcel#: 63-01006.002
Sewer: None
Units: 122
Utilities: Sewer Not Available, Water Not Available
Water: None
Local Schools
School District: Rittman Exempted Village
Listed By / Shown By
Listed By
Agency Name: Home Equity Realty Group
Agency Contact: charles.lewis@heqrealty.com, 440-539-4864
Shown By
Agent Name: Jim Hood
Agent Phone: (513) 201-7890
Agency Title: Key Realty
563 E Ohio Avenue | MLS# 5205499
This commercial property located at 563 E Ohio Avenue, Rittman, OH 44270 is currently listed for sale with an asking price of call for price. E Ohio Avenue is located within the Rittman Exempted Village school district. Search Rittman real estate on jameshood.ikeyrealty.com today.