For Sale
$2,500,000

7976 Wesselman Rd Groesbeck, OH 45002

14.5 Acres, High-Visibility, Income Producing

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 14.5-acre industrial land parcel in Cleves, Ohio, presents a compelling investment opportunity. Located at 7976 Wesselman Rd, Hamilton County, the property boasts a prime location with excellent visibility from I-275. Eight acres are improved with a fenced gravel lot and a new gated entrance, enhancing security. Currently, the site generates substantial income with 47 trailer spaces under lease, producing approximately $7,500 per month in net operating income. Monthly expenses, excluding mortgage and real estate taxes, are approximately $1,250. The property offers additional potential for trailer storage expansion. Its convenient location provides easy access to major transportation arteries, being 1.7 miles from Hamilton Cleves Pike (Exit 7) on I-275 and 2.2 miles from Rybolt (Exit 11) on I-74. The property is zoned B3, permitting light industrial uses, as detailed on the Colerain Township website. The asking price for this income-generating property is $2,500,000. This is a rare opportunity to acquire a well-situated, income-producing industrial land asset with significant upside potential in a thriving location. The existing infrastructure and high visibility make this an ideal investment for both immediate returns and future development.

Highlights

  • $2,500,000 asking price for 14.5 acres of industrial land.
  • 8 acres improved, fenced gravel lot with gated access.
  • High visibility from I-275.
  • New gated entrance provides enhanced security.
  • 47 trailer spaces leased, generating ~$7,500/month in net operating income.
  • Monthly expenses (excluding mortgage & taxes) are ~$1,250.

Property Details for 7976 Wesselman Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
631,620 SF

Location Insight

City
Groesbeck
County
Hamilton
State
Ohio
Latitude
39.2164749
Longitude
-84.6860233

FAQs

What type of property is this?
Land - 14.5 Acres, High-Visibility, Income Producing
Where is the land located?
The property is located at 7976 Wesselman Rd Groesbeck, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: $2,500,000 asking price for 14.5 acres of industrial land.; 8 acres improved, fenced gravel lot with gated access.; High visibility from I-275.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7976 Wesselman Rd
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