16651 Sprague Rd Strongsville, OH 44136
- Life science properties
- 14.49 lot acres
Current Use by Public Records
- Life science properties
Property Details for 16651 Sprague Rd
- Lot size
- 14.49 lot acres
- Zone code
- RD
- Property type
- Life science properties
- APN
- 395-09-003
- APU
- 39509003
Description
This exceptional 30-acre industrial land parcel in Strongsville, Ohio, presents a unique investment opportunity. Located at 16651 Sprague Rd, with APN 395-09-002, 359-09-003, this fee simple property boasts Research & Development zoning, opening doors to a wide range of business uses. Comprehensive environmental and wetlands studies have already been completed and are available for review. The city of Strongsville offers attractive tax abatements and incentives, further enhancing the financial appeal. Benefit from the strategic location, providing easy access to major highways I-71, I-80, and I-480, placing your business within close proximity to key commercial hubs such as Southpark Mall, Cleveland Hopkins International Airport, and Dow Circle Business Park. The site's history as the former Akzo Nobel Headquarters and Research Facility ensures robust existing utility services are in place. A substantial ±13,073 square foot freestanding industrial building is also included on the property. This property offers a compelling combination of location, infrastructure, and zoning flexibility, making it an ideal site for a variety of industrial and research-oriented businesses. The Cuyahoga County location, with a 44136 zip code, offers excellent access to a skilled workforce and a thriving regional economy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,180,000
- 6.5%
- $1,975,000
- 7%
- $2,205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,935,000
- Geo Method
- $2,155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,885,000
- Retail
- $2,095,000
- Mixed-Use
- $1,955,000
- Hospitality
- $1,915,000
- Educational
- $1,950,000
- Residential Income
- $2,190,000
- Energy
- $2,385,000
- Income-Based Land
- $1,925,000
- Food Service
- $2,450,000
Location Insight
- Map
- Local Demand
- City
- Strongsville
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.8158
- Latitude
- 41.3475
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
