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5960 Center Rd Valley City, OH 44280

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Ohio Investment Opportunity: Multi-Tenant Complex

Property Features for 5960 Center Rd

General Information

Property type
Industrial properties

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Listing Contact
Troy Gerspacher
Troy Gerspacher

Listing Agent: Troy Gerspacher

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity encompasses a 22.33-acre site in Valley City, Ohio, featuring four industrial buildings totaling 19,048 square feet. The property boasts a strong tenant roster, anchored by Progressive Construction Group, a leader in wall foundations, under a 10-year sale-leaseback agreement. Additional tenants include Environmental Stone Works and a trucking company providing oil changes and maintenance, generating consistent rental income. Building A, constructed in 1967 and recently renovated, comprises 9,300 square feet of office and warehouse space, featuring new HVAC (2022), grade-level doors, and ample utilities. Building B (7,040 sq ft, built 1973) and Building C (2,688 sq ft, built 1987) offer additional warehouse space with multiple grade-level doors. A planned 1,500-square-foot office addition (Building D) is slated for completion in early 2024, further enhancing the property's value. The property also includes a 40+ unit semi-truck parking area. A Phase 1 environmental assessment was completed on August 11, 2021. Utilities include Columbia Gas (one meter), Ohio Edison (three meters), and Armstrong Cable. The property utilizes a well water and septic system. Projected annual property taxes are $43,376.27. This multi-tenant complex presents a compelling investment opportunity with significant long-term potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Progressive Construction Group Construction Company

Suggested Use

Real Estate Agency Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Storage Facility Bar & Pub Travel Agency Coworking & Hybrid Office

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

Location Insight

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  • Local Demand
City
Valley City
County
Medina
State
Ohio
Longitude
-81.9015031
Latitude
41.2369778

FAQs

What type of property is this?
Industrial property - Ohio Investment Opportunity: Multi-Tenant Complex
Where is this industrial property located?
The property is located at 5960 Center Rd Valley City, OH.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 10-year sale-leaseback opportunity with Progressive Construction Group, a leading wall foundation company.; 22.33-acre property with 19,048 square feet of industrial building space.; Anchor tenants include Progressive Construction Group, Environmental Stone Works, a trucking company, and a 40+ unit semi-truck parking area.
(330) 722-5002 Call to check price and availability
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