720 Highland RdMacedonia, OH 44056

Property Details for 720 Highland Rd

Lot size

3.05 AC

Property type

Parking lots & garages

APN

33-03311

APU

3303311

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $37,190,476

  6.5%

  $34,329,672

  7%

  $31,877,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $31,358,410

  Geo Method

  $31,358,410

• Alternative Use

  Use

  Valuation

  Residential

  $28,958,362

  Hospitality

  $26,525,704

  Educational

  $22,069,074

  Medical

  $22,828,064

  Retail

  $34,329,672

Location Insight

City

Macedonia

County

Summit

State

Ohio

Latitude

41.2982

Longitude

-81.5

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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