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    720 Highland Rd Macedonia, OH 44056

    Sponsored
    For Lease
    $6 SF/Yr

    146,250 SF Industrial Complex, Summit County

    Lot size:
    146,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 146,250-square-foot industrial complex, situated on 6.35 acres in Summit County's Southeast submarket, presents a unique investment opportunity. The property boasts a prime location with convenient access via East Highland Road and Empire Parkway. The facility comprises two buildings, each two stories high, offering a blend of office and warehouse/manufacturing space. A substantial 128,346 square feet is dedicated to warehouse and manufacturing, complemented by 17,904 square feet of office space. The high ceilings, measuring 19'6", provide ample vertical clearance. Loading and unloading are facilitated by fourteen truck docks – six internal and eight external – and eight drive-in doors of varying sizes (10'x12', 10'x18', 12'x14', and 14'x18'). The property is zoned for industrial use and features robust power infrastructure, including 6000A/480V/3P power with buss duct distribution. Manufacturing-specific amenities include shop restrooms and locker rooms, compressed air line distribution, and both 2-ton and 3-ton cranes. Ample parking is available with 100 spaces. The property's APN is 33-03312, 33-03311. This well-maintained facility offers significant potential for a variety of manufacturing and industrial operations. The single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a substantial, well-equipped industrial property in a desirable location.

    Property Features for 720 Highland Rd

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    146,250 SF
    Total Rate
    82265.63

    Building Details

    Year Built
    1982
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    146,250 SF
    Rate per SF
    $6

    HighLights

    • 146,250 SF freestanding industrial complex on 6.35 acres, with 17,904 SF of office and 128,346 SF of warehouse/manufacturing space.
    • Eight drive‑in doors and fourteen truck docks (six internal, eight external).
    • Manufacturing features include shop restrooms/lockers, air lines, 2‑ton & 3‑ton cranes, and 6000A/480V/3P power with buss duct distribution.
    • 1982 construction, two buildings, two stories, 19'6" ceiling height.
    • 100 total parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Macedonia
    County
    Summit
    State
    Ohio
    Longitude
    -81.500013
    Latitude
    41.2982466

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    FAQs

    What type of property is this?
    Manufacturing property - 146,250 SF Industrial Complex, Summit County
    Where is this manufacturing property located?
    The property is located at 720 Highland Rd Macedonia, OH.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 146,250 SF freestanding industrial complex on 6.35 acres, with 17,904 SF of office and 128,346 SF of warehouse/manufacturing space.; Eight drive-in doors and fourteen truck docks (six internal, eight external).; Manufacturing features include shop restrooms/lockers, air lines, 2-ton & 3-ton cranes, and 6000A/480V/3P power with buss duct distribution.
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    720 Highland Rd Macedonia, OH 44056
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    Macedonia, OH 44056
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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
    720 Highland Rd Macedonia, OH 44056
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