Fairport Harbor Boat & RV Storage

3 Acres | 145 Parking Spaces | Fairport Harbor, OH

Call for Offers:

October 29, 5:00 PM

INVESTMENT OVERVIEW

Fairport Harbor, Ohio is a charming town located on the shore of Lake Erie, ideally situated near busy roads and highways for easy access to consumers. Located just minutes from these high traffic areas, this Boat and RV Storage location allow residents from both Painesville and Fairport Harbor easy access and convenience, enhancing the appeal to customers both near and far.

This property boasts 145 spacious spots for Boats and RVs currently rented with an average price per month of $43/unit. It is secure, well-maintained, and accessible. If an investor chooses to offer same size units, evenly distributed, approx. 110 units can be rented at a time. Sitting at nearly 84% physical occupancy,  with extremely low rental rates due to long term discounts,  a new owner/operator can adjust leases to a monthly standard which will in turn, immensely affect future income.

INVESTMENT HIGHLIGHTS

  • 145 parking Spaces,  Approx. 110 units if evenly distributed
  • Physical Occupancy 84% | Economic Occupancy 53%
  • Many semiannual and annual leases that when cycled out will offer a large increase in revenue
  • Convenient location with visibility from Route 535
  • High demand for boat & RV storage due to proximity to Lake Earie (under a 2-mile drive to nearest access to lake front)

FACILITY SUMMARY

Property Name: Fairport Harbor Boat & RV Storage
Address: Vacant lots located on East St, Fairport Harbor, OH 44077
Parcel # 14-A-025-A-00-005-0 and #14-A-025-B-00-013-0
County: Lake County
Land Size: 3.03 Acres
Total Units: 145 Parking Spaces
Physical Occupancy: 84%
Economic Occupancy:  53%

Get More Information

To access the Offering Memorandum and the Buyer Portal, please . Don’t have an account already? Register today.

*Email verification is required.