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Property profile & analytics
FOR LEASE
Parking lots & garages

720 Highland Rd Macedonia, OH 44056

3.05 ac lot
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US66-1356060
Property summary
AI-generated overview

This exceptional 146,250-square-foot industrial complex, situated on 6.35 acres in Summit County's Southeast submarket, presents a unique investment opportunity. The property boasts a prime location with convenient access via East Highland Road and Empire Parkway. The facility comprises two buildings, each two stories high, offering a blend of office and warehouse/manufacturing space. A substantial 128,346 square feet is dedicated to warehouse and manufacturing, complemented by 17,904 square feet of office space. The high ceilings, measuring 19'6", provide ample vertical clearance. Loading and unloading are facilitated by fourteen truck docks – six internal and eight external – and eight drive-in doors of varying sizes (10'x12', 10'x18', 12'x14', and 14'x18'). The property is zoned for industrial use and features robust power infrastructure, including 6000A/480V/3P power with buss duct distribution. Manufacturing-specific amenities include shop restrooms and locker rooms, compressed air line distribution, and both 2-ton and 3-ton cranes. Ample parking is available with 100 spaces. The property's APN is 33-03312, 33-03311. This well-maintained facility offers significant potential for a variety of manufacturing and industrial operations. The single-tenant occupancy provides stability and ease of management. This is a rare opportunity to acquire a substantial, well-equipped industrial property in a desirable location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 3.05 ac (133,032 SF)
APN 33-03311
UPID US66-1356060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
700 Highland Road LLC · 14 yrs held
700 Highland Road LLC
since 2011
2 recorded transactions
2019
Price N/A
2011
$3.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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