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    100 Industrial Ave Rittman, OH 44270

    Sponsored
    For Sale
    $2,375,000

    Prime Ohio industrial land; vacant, remediated, & ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 80-acre industrial property, located at 100 S Industrial Ave, Rittman, OH 44270, presents a unique investment opportunity. Zoned M-2 (Heavy Industrial), this vacant site boasts completed site remediation and a covenant not to sue from the Ohio EPA, ensuring a clean slate for development. Two existing industrial groundwater supply wells are permitted by the Ohio DNR. Extensive environmental due diligence has already been completed, including wetlands delineation and an endangered species analysis. The property's strategic location offers superior access to Interstate 76, providing easy connectivity to Interstates 71 and State Route 224. Situated approximately five miles from I-76, this location provides excellent regional access to Cleveland, Akron, and Canton. Further enhancing its appeal, this property is designated a Federal Opportunity Zone, offering significant tax advantages. The land is priced at $30,000 per acre, totaling $2,375,000. Adjacent to Morton Salt, this site presents a compelling opportunity for industrial development or expansion. All necessary environmental permits and assessments are complete, minimizing delays and streamlining the development process.

    Property Features for 100 Industrial Ave

    General Information

    Property type
    Distribution properties
    Lot Size
    3,484,800 SF

    HighLights

    • $2,375,000 asking price for 80 acres of vacant, M‑2 (Heavy Industrial) zoned land.
    • Located at 100 S Industrial Ave, Rittman, OH 44270, offering excellent access to I‑76, I‑71, and State Route 224.
    • Site remediation is complete, including an Ohio EPA Covenant Not to Sue.
    • Features two existing industrial groundwater supply wells permitted by the Ohio DNR.
    • Wetlands delineation and endangered species analysis already completed.
    • Located in a Federal Opportunity Zone and adjacent to Morton Salt.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rittman
    County
    Wayne
    State
    Ohio
    Longitude
    -81.774704
    Latitude
    40.970545

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    FAQs

    What type of property is this?
    Distribution property - Prime Ohio industrial land; vacant, remediated, & ready.
    Where is this distribution property located?
    The property is located at 100 Industrial Ave Rittman, OH.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: $2,375,000 asking price for 80 acres of vacant, M-2 (Heavy Industrial) zoned land.; Located at 100 S Industrial Ave, Rittman, OH 44270, offering excellent access to I-76, I-71, and State Route 224.; Site remediation is complete, including an Ohio EPA Covenant Not to Sue.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Industrial Ave Rittman, OH 44270
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