Property summary
This exceptional redevelopment opportunity presents four buildings totaling 28,411 square feet on a 2.85-acre lot in Salem, Ohio. Located conveniently off West State Street, this property boasts 12.5' to 18' ceilings, two loading docks, and a 10" concrete floor. The site features 240V, 3-phase power (400-800 amps) and is completely fenced. All city utilities are available. The property is zoned M2 Heavy Industrial, and a city tax abatement is available for job creation. A Phase 1 environmental study is complete, with Phase 2 underway. This vacant, Class C industrial property offers significant potential for a variety of uses, making it an ideal investment for entrepreneurs and developers seeking a prime location in Columbiana County. The property's four buildings provide ample space for various configurations, and the existing infrastructure significantly reduces initial development costs. This is a rare opportunity to acquire a substantial industrial property in a location that offers both convenience and growth potential. The APN is 51-03512. The property was built in 1950.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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