Rittman 138 Unit Storage & Commercial Real Estate

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Brochure (PDF)

Rittman 138 Unit Storage and Commercial Real Estate Auction

138 Storage Units – 40+ Outdoor Spaces – 24,200 Sq Ft Commercial Space

Wednesday, June 17th @ 5 PM

Live Auction w/ Online Bidding @ RES.bid

Want Updates? Text "RES" to 330-845-4411

Auction Location: The auction will be held on-site at 36 Willow St., Rittman, OH 44270. From Interstate 76, head south on OH-57, turn right (west) onto Milton Rd., then right (north) onto S. Main St., and right onto Willow St. Watch for RES Auction signs.

Investment Overview: Well-maintained, income-producing, and positioned for growth, this mixed-use self-storage property in Rittman presents a compelling investment opportunity with multiple revenue streams and significant upside potential, including the possibility for future commercial expansion.

Strategically located in Northeast Ohio, Rittman offers excellent regional accessibility while maintaining the appeal of a stable, small-town environment. Positioned between Akron and Wooster, and within convenient driving distance to Cleveland, the property benefits from steady residential growth and consistent demand for storage. Its proximity to major transportation routes and surrounding communities enhances its role as a hub for both local and regional users, supporting long-term investment performance.

Property Details: Situated on approximately 7.029 acres, the property includes a total of 130 storage units with a well-balanced unit mix designed to serve a broad tenant base. Unit breakdown includes:

4 (5’x10’)

8 (10’x10’)

88 (10’x20’)

4 (10’x40’)

Additionally, 26 brand-new climate-controlled units enhance the facility’s appeal and rental flexibility, consisting of:

3 (10’x20’)

7 (10’x15’)

16 (10’x10’)

These climate-controlled units are supported by newly installed gas service, contributing to operational efficiency and long-term reliability. Seller makes no warranty on unit sizes; all sizes are approximate.

Commercial & Expansion Opportunities: The property also features eight fully leased commercial units totaling approximately 24,200 square feet, providing a strong supplemental income stream and diversifying tenancy.

At the north end of the property, approximately 25,000 square feet of additional land offers potential for future commercial expansion, subject to local approvals. Seller makes no representations regarding permissible uses or approvals.

An additional 40 outdoor parking spaces provide further income potential for vehicle, equipment, and recreational storage.

Operations & Features: This turnkey facility is well maintained and equipped with modern operational infrastructure, including:

CC Storage management software

Google Nest camera system

On-site security lighting

Daily operations are currently supported by an experienced local off-site manager who is willing to remain, offering a seamless transition for new ownership.

Investment Highlights: With strong in-place income and clear opportunities to increase cash flow through rent adjustments and lease optimization, this asset is well-positioned for both immediate returns and long-term appreciation.

A current moratorium on new self-storage development in the area further strengthens the investment by limiting future competition, supporting occupancy stability and rental rate growth.

Opportunity: This offering presents a rare opportunity for investors seeking a diversified, income-generating asset, as well as for owner-operators looking to establish a business presence. The commercial component allows for potential owner occupancy while benefiting from consistent income generated by storage units and leased commercial space—creating a built-in revenue stream to offset operational costs and enhance overall returns.

Don’t miss this high-income, multi-stream investment opportunity.

Open House: The property will be available for preview on Monday, June 8th from 4 PM – 7 PM. For more information, contact Devon Heacock at (740) 341-6553.

Taxes/Legal: Located in Wayne County, Parcel No. 63-03244.000, City of Rittman. Current annual taxes are $14,532.96 and will be prorated to the day of closing.

Terms: A 10% buyer’s premium will be applied to the final bid to determine the purchase price. A 10% nonrefundable down payment is due the day of the auction, with the balance due within 45 days. All inspections must be completed prior to bidding. Property sells as-is.

Devon Heacock, Auctioneer – Andy White – Drew Turner – Seth Andrews, RES Broker – Home Equity Realty Group, Co-Broker – The Lewis Group, Co-Broker