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    342 West Ave Tallmadge, OH 44278

    Sponsored
    For Sale
    $4,400,000

    134,000 SF Warehouse, $4.4M

    Property size:
    134,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property, located at 342 West Avenue in Tallmadge, Ohio (Summit County, zip code 44278), presents a significant investment opportunity. The 134,000+/- square foot facility sits on a substantial 21.459+/- acre lot and offers a versatile layout suitable for distribution, manufacturing, or warehouse operations. Built in 1953 and renovated in 2003, the Class B building boasts 11 loading docks, including 2 overhead doors, and impressive ceiling heights ranging from 11'7" to 25'9". The property includes approximately 11,200+/- square feet of office space. Ample parking is available with capacity for 100+ cars. The property features a fully sprinklered system and robust power: 600a/480/277v/3ph. Zoning is designated I-1 Industrial, with an additional 12+/- acres zoned R-3 in the rear. The asking price is $4,400,000 ($32.84 per square foot), and the 2023 property taxes totaled $62,803.06. This prime location offers easy access to major transportation routes, making it an ideal choice for businesses seeking efficient logistics and ample space. This is a rare opportunity to acquire a well-maintained, expansive industrial property in a desirable location.

    Property Features for 342 West Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    134,000 SF
    Class
    B
    Lot Size
    934,754 SF

    Building Details

    Year Built/Renovated
    1953/2003
    Buildings
    1

    HighLights

    • 134,000+/- SF available space.
    • 11,200+/- SF of office space.
    • 21.459+/- acres.
    • Fully sprinklered warehouse.
    • 600 amp, 480/277 volt, 3‑phase power.
    • Eleven (11) dock‑high doors and two (2) drive‑in doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Martin Wheel Co Tire Shop

    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
    Tallmadge
    County
    Summit
    State
    Ohio
    Longitude
    -81.454943726141
    Latitude
    41.101654892537

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    FAQs

    What type of property is this?
    Distribution property - 134,000 SF Warehouse, $4.4M
    Where is this distribution property located?
    The property is located at 342 West Ave Tallmadge, OH.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: 134,000+/- SF available space.; 11,200+/- SF of office space.; 21.459+/- acres.
    Request Owner's contact information
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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
    342 West Ave Tallmadge, OH 44278
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