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Commercial

5-Acre Greenville, OH Development Opportunity

Wagner Ave, Greenville, OH 45331

Listing Price: $500,000

Lot Size
5.00 acres
Price/Acre
$100,000
Land Type
Land

Investment Overview

Mitchell Cowan of Marcus & Millichap is pleased to present for sale the fee-simple interests of two adjoining parcels of vacant land totaling 59-acres with approximately 2,100 feet of frontage on Wagner Avenue in Greenville Ohio. The property is zoned General Business and is adjacent to the 235,000 square foot Whirlpool manufacturing plant and the 327,000 square foot KitchenAid distribution complex to the east. Whirlpool added a 325,000 square foot addition in 2017 which shows a continuing commitment to this location. A Lowe's Home Improvement Center adjoins the property to the south. Further south on Wagner Avenue is a Wal-Mart and other national and regional branded retailers such as Pizza Hut, Kroger, Arby's, and many more are locating to this rapidly expanding area. Hardee’s just paid $490,000 (9-17-20) for a 0.71-acre parcel at the hard corner intersection of Wagner Avenue and Russ Road, on the opposite corner from an existing McDonald’s. The parcels of 54 and 5 acres respectively can be purchased separately. All utilities are available street side including Independents Fiber Network that can deliver up to 100 Gbps of ethernet and dedicated internet. This site touches Greenville’s North Park which is a great amenity to any development. The location, size, and flexible zoning make this site ideal for multiple uses such as: • industrial park • warehousing and distribution • corporate campus • research and development • residential development • retail development • mixed-use development • Light manufacturing In addition to Whirlpool and KitchenAid, some of the areas other top ten employers are Greenville Technology, Wayne Healthcare, FRAM Group, and Midmark Corporation plus many other notable companies. Ohio offers performance-based incentives to assist companies that are starting, relocating, or expanding operations in the state. Funding decisions are based on several project factors, including but not limited to job creation, payroll figures, fixed-asset investment commitment, project location and project return on investment. Additionally, CRA (Community Reinvestment Area) tax abatement options are available through the city. This is the largest and one of the few remaining developable land sites in the expanding north Greenville commercial corridor. Ownership's decision to apply for the current more restrictive zoning was based on the ease of applying for a less restrictive classification such as industrial, retail, or residential which would be in accordance with similar uses adjacent to the site.

Investment Highlights

  • • Adjacent to Whirlpool & Kitchen-Aid manufacturing & distribution
  • • Flexible zoning
  • Within a day's drive from major eastern and midwestern cities

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Commercial

5-Acre Greenville, OH Development Opportunity

Listing Price: $500,000

Lot Size
5.00 acres
Price/Acre
$100,000
Land Type
Land

Investment Highlights

  • • Adjacent to Whirlpool & Kitchen-Aid manufacturing & distribution
  • • Flexible zoning
  • Within a day's drive from major eastern and midwestern cities

Investment Overview

Mitchell Cowan of Marcus & Millichap is pleased to present for sale the fee-simple interests of two adjoining parcels of vacant land totaling 59-acres with approximately 2,100 feet of frontage on Wagner Avenue in Greenville Ohio. The property is zoned General Business and is adjacent to the 235,000 square foot Whirlpool manufacturing plant and the 327,000 square foot KitchenAid distribution complex to the east. Whirlpool added a 325,000 square foot addition in 2017 which shows a continuing commitment to this location. A Lowe's Home Improvement Center adjoins the property to the south. Further south on Wagner Avenue is a Wal-Mart and other national and regional branded retailers such as Pizza Hut, Kroger, Arby's, and many more are locating to this rapidly expanding area. Hardee’s just paid $490,000 (9-17-20) for a 0.71-acre parcel at the hard corner intersection of Wagner Avenue and Russ Road, on the opposite corner from an existing McDonald’s. The parcels of 54 and 5 acres respectively can be purchased separately. All utilities are available street side including Independents Fiber Network that can deliver up to 100 Gbps of ethernet and dedicated internet. This site touches Greenville’s North Park which is a great amenity to any development. The location, size, and flexible zoning make this site ideal for multiple uses such as: • industrial park • warehousing and distribution • corporate campus • research and development • residential development • retail development • mixed-use development • Light manufacturing In addition to Whirlpool and KitchenAid, some of the areas other top ten employers are Greenville Technology, Wayne Healthcare, FRAM Group, and Midmark Corporation plus many other notable companies. Ohio offers performance-based incentives to assist companies that are starting, relocating, or expanding operations in the state. Funding decisions are based on several project factors, including but not limited to job creation, payroll figures, fixed-asset investment commitment, project location and project return on investment. Additionally, CRA (Community Reinvestment Area) tax abatement options are available through the city. This is the largest and one of the few remaining developable land sites in the expanding north Greenville commercial corridor. Ownership's decision to apply for the current more restrictive zoning was based on the ease of applying for a less restrictive classification such as industrial, retail, or residential which would be in accordance with similar uses adjacent to the site.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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