3960 Smt Rd Norton, OH 44203

OFF-MARKET

Manufacturing properties

Property ID

US66-2179388

101,032 SF 14.41 ac lot Built 1971

Entity Owned 11-yr Hold ~ Est. High Equity

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Exceptional investment opportunity: a single-tenant, 89,548-square-foot Class B industrial warehouse in Norton, Ohio. This property, situated on a 14.226-acre lot (APN 4600036), boasts a convenient location within the Akron MSA, providing easy access to I-76 and I-224, and a short 25-minute drive to Akron-Canton Airport. Built in 1971, the single-story building features multiple drive-ins, loading docks, and a 16-foot clear height, along with heavy power access. The property includes 30 parking spaces. Currently occupied until the second quarter of 2024, this warehouse is zoned I-1 and benefits from a large, readily available workforce; Summit County boasts over 222,000 workers within a 10-mile radius. The asking price is $5,000,000. This presents a strong opportunity for investors seeking a well-located, functional industrial asset in a thriving market. The property's size, features, and location make it ideal for a variety of light industrial uses.

Property type Manufacturing properties

Use group MANUFACTURING (LIGHT)

Year built 1971

Total area 101,032 SF

Lot 14.41 ac (627,700 SF)

APN 46-00036

UPID US66-2179388

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

3960 Smt Rd Norton, OH 44203-1052

Norton metro Census 532004 AKRON, OH METROPOLITAN STATISTICAL AREA

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Comparable Approach Comparable

$1.32M

Blend (final) Blend

$570k

since 2014

2 recorded transactions

2020

Price N/A

2014

$950,000

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