Andrus Rd Northwood, OH 43619
- Land
- 11.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Andrus Rd
- Lot size
- 11.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 11-acre parcel presents a compelling investment opportunity in Northwood, Ohio. Zoned M-2 for heavy industrial use, this flat, build-ready site offers significant potential for development. Priced at $50,000 per acre, the property boasts convenient access to major transportation arteries, including I-75 (1.5 miles), I-280 (5 miles), and the Ohio Turnpike (I-80/90) (5 miles). Utilities are readily available nearby. The location within a high-demand industrial market, coupled with its proximity to industry giants like Amazon, First Solar, Stellantis, General Motors, and Whirlpool, ensures strong growth potential and long-term appreciation. Northwood's business-friendly environment and attractive tax incentives, combined with access to a skilled workforce from numerous nearby colleges and universities, further enhance the property's desirability. This prime location offers unparalleled advantages for industrial development and strategic investment. The property is ideal for businesses seeking a strategic location within a thriving industrial hub. The asking price is $550,000. The average rent per square foot in the area is $1.15.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Wood
- State
- Ohio
- Longitude
- -83.5276
- Latitude
- 41.6158
