Industrial Property for Sale in Novelty, OH

  • Price: $4.6M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Novelty, OH 44072
  • Size: 113,900 SF
  • Year built: 1978

Description

Rare opportunity for a local warehousing or manufacturing owner-user to secure their own facility and generate a built-in income stream. Current ownership has invested in numerous upgrades, including new roof sections, sprinkler system enhancements, and a revitalized building façade. This is also a value-add investment opportunity with the ability to fill vacancies, raise rental rates, and decrease some of the current operating expenses. Positioned in the desirable Geauga County community of Novelty, the property offers exceptional connectivity—located just minutes from I-271 with easy access to major towns and suburbs including Chagrin Falls, Chesterland, and Solon, providing access to a skilled labor pool and established business districts.

Market Context

This industrial in Novelty, OH is listed for sale at $4,556,800 across 113,900 SF ($40/SF). The building dates to 1978. It has been on the market for 143 days. Compare it against other industrial listings for sale in Novelty, OH — <a href="/search/sale/industrial/ohio/novelty">view the full market</a>.

Unified Estimate

Low Confidence

$34.01/SF – $46.01/SF

Mid: $40.01/SF

Total estimate for 113,900 SF: $4,557,139

Rate estimator only; cost-of-business estimate unavailable.

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