Partially Leased Industrial Complex For Sale

610 Wooster St. Lodi, OH 44254

610 Wooster St., Lodi, OH, 44254
610 Wooster St., Lodi, OH, 44254
Property Type:
Last Verified:
Sep 15, 2020


610 Wooster Street in Lodi, Ohio has a total of 18,265 SF, 4 buildings on 1 parcel. 12,480 SF is vacant warehouse space that is 50' x 130', there are 3 docks, 5 ramp-up docks, 1 drive-in-door, 4 man doors, 1 restroom, a small office and mezzanine storage area. The building is insulated and has a security system. 1,485 SF is a garage/shop that is currently leased to a tire shop. 4,300 SF are two storage buildings leased for self-storage. Potential cap rate is 9%. There is an old rail spur that can be reactivated.

Just off Wooster Street (RT 83) near RT 421 in the City of Lodi.

Year Built: 1900
Building Size: 18265.0sq ft
Building Class: C
Lot Size: 3.56 acres

Map of 610 Wooster St., Lodi, OH, 44254

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.