7976 Wesselman Rd Groesbeck, OH 45002
- Land
- 14.50 lot acres
Current Use by Public Records
- Land
Property Details for 7976 Wesselman Rd
- Lot size
- 14.50 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 14.5-acre industrial land parcel in Cleves, Ohio, presents a compelling investment opportunity. Located at 7976 Wesselman Rd, Hamilton County, the property boasts a prime location with excellent visibility from I-275. Eight acres are improved with a fenced gravel lot and a new gated entrance, enhancing security. Currently, the site generates substantial income with 47 trailer spaces under lease, producing approximately $7,500 per month in net operating income. Monthly expenses, excluding mortgage and real estate taxes, are approximately $1,250. The property offers additional potential for trailer storage expansion. Its convenient location provides easy access to major transportation arteries, being 1.7 miles from Hamilton Cleves Pike (Exit 7) on I-275 and 2.2 miles from Rybolt (Exit 11) on I-74. The property is zoned B3, permitting light industrial uses, as detailed on the Colerain Township website. The asking price for this income-generating property is $2,500,000. This is a rare opportunity to acquire a well-situated, income-producing industrial land asset with significant upside potential in a thriving location. The existing infrastructure and high visibility make this an ideal investment for both immediate returns and future development.
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
- Groesbeck
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.686
- Latitude
- 39.2165
