1340 289th St Wickliffe, OH 44092-2304
- Flex space
- 107,700 SF
- 9.83 lot acres
Current Use by Public Records
- Flex space
Property Details for 1340 289th St
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 9.83 lot acres
- Property size
- 107,700 SF
- Zone code
- I
- Property type
- Flex space
- APN
- 29-A-008-0-00-013-0
- APU
- 29A0080000130
Description
This exceptional industrial property, located at 1340 E 289th St in Wickliffe, Ohio, offers a substantial 105,610 square feet of warehouse and R&D space. The single-story building, constructed in 1955, features a 16-foot ceiling height, providing ample vertical clearance for various industrial uses. The property is zoned I: Industrial and is situated in Lake County, Ohio, with a convenient zip code of 44092. Eleven loading docks ensure efficient loading and unloading operations. The property boasts 1200 Amps of power, suitable for energy-intensive businesses. While there are no elevators, the single-story design facilitates easy access throughout the building. The space is currently fully vacant and available for lease. Multiple tenancy options are available, with a minimum divisible space of 36,010 square feet and a maximum contiguous space of 69,600 square feet. This presents a unique opportunity for businesses seeking a large, well-equipped industrial space in a prime location. The property's size and features make it ideal for a variety of industrial and research and development operations. Interested parties should inquire about lease terms and availability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,785,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,625,000
- 6.5%
- $3,765,000
- 7%
- $3,310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,825,000
- Geo Method
- $3,990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,430,000
- Retail
- $3,715,000
- Mixed-Use
- $4,095,000
- Hospitality
- $3,205,000
- Educational
- $3,435,000
- Residential Income
- $3,205,000
- Energy
- $3,965,000
- Income-Based Land
- $3,160,000
- Food Service
- $4,025,000
Location Insight
- Map
- Local Demand
- City
- Wickliffe
- County
- Lake
- State
- Ohio
- Longitude
- -81.4841
- Latitude
- 41.6044
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
