3960 Summit RdNorton, OH 44203

  • Industrial properties
  • 101,032 SF
For Sale
$5,000,000 View listing

Property Details for 3960 Summit Rd

Year built
1971
Lot size
14.41 AC
Property size (Sq ft)
101,032 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
46-00036
APU
4600036

Description

Exceptional investment opportunity: a single-tenant, 89,548-square-foot Class B industrial warehouse in Norton, Ohio. This property, situated on a 14.226-acre lot (APN 4600036), boasts a convenient location within the Akron MSA, providing easy access to I-76 and I-224, and a short 25-minute drive to Akron-Canton Airport. Built in 1971, the single-story building features multiple drive-ins, loading docks, and a 16-foot clear height, along with heavy power access. The property includes 30 parking spaces. Currently occupied until the second quarter of 2024, this warehouse is zoned I-1 and benefits from a large, readily available workforce; Summit County boasts over 222,000 workers within a 10-mile radius. The asking price is $5,000,000. This presents a strong opportunity for investors seeking a well-located, functional industrial asset in a thriving market. The property's size, features, and location make it ideal for a variety of light industrial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,992,612
    Hospitality
    $20,145,114
    Educational
    $16,760,499
    Medical
    $17,336,918
    Retail
    $26,071,888
3960 Summit Rd, Norton, Ohio

Location Insight

City
Norton
County
Summit
State
Ohio
Latitude
41.0461
Longitude
-81.5996
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,989
$204,180
$178,940
$383,120
-
$583,380
$511,260
$1,094,640

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