Property profile

450 Pershing St Salem, OH 44460

OFF-MARKET
Manufacturing properties
Property ID
US66-2402896
21,311 SF 2.86 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1950
Total area 21,311 SF
Lot 2.86 ac (124,377 SF)
APN 51-03512-000
UPID US66-2402896

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

450 Pershing St Salem, OH 44460-2752
Salem metro Census 950700 SALEM, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2026
1 recorded transaction
2026
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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