Cleveland, Ohio, is a prime location for investing in Warehouses For Sale, with 16 available listings offering a range of opportunities for businesses and investors. Warehouses in Cleveland represent a solid investment choice, providing a stable source of income and potential for long-term appreciation in value. These properties can serve as distribution centers, manufacturing facilities, or storage spaces, catering to various industries and businesses. Cleveland's strategic location, with its access to major highways, airports, and the Port of Cleveland, makes it an attractive hub for logistics and transportation. The city's strong economy, driven by healthcare, manufacturing, and education, ensures a steady demand for warehouse space. Additionally, Cleveland's amenities, such as the Cleveland Clinic, University Hospitals, and MetroHealth, as well as its cultural institutions, like the Cleveland Museum of Art and the Rock and Roll Hall of Fame, make it an attractive place to live and work. With its rich history, diverse economy, and excellent infrastructure, Cleveland is an ideal location for businesses and investors seeking to establish a strong presence in the region.
Cleveland's warehouse market offers a unique blend of old and new, with historic buildings being repurposed as modern industrial spaces. The city's warehouse inventory ranges from 69,369 square feet to 379,033 square feet, with an average price per square foot of $63 USD. With an average cap rate of 6.95%, Cleveland's warehouses present a compelling investment opportunity. In addition to warehouses, Cleveland's commercial real estate market also features Industrial Properties, Land, Residential Income Homes, and Commercial Real Estate, each offering its own advantages and opportunities. Industrial Properties in Cleveland provide space for manufacturing and production, while Land offers opportunities for development and growth. Residential Income Homes cater to the city's growing population, and Commercial Real Estate includes office spaces, retail centers, and restaurants. Overall, Cleveland's diverse commercial real estate market offers something for every investor and business owner.
What are the key features investors look for in warehouses in Cleveland?
When searching for warehouses in Cleveland, investors typically look for properties that offer a strategic location, ample space, and competitive pricing, considering factors such as:
- Proximity to major transportation hubs, including Cleveland Hopkins International Airport, the Port of Cleveland, and Interstate highways, to facilitate efficient logistics and supply chain management.
- Average prices per square foot, with the current average being $63 USD, and average sizes ranging from 69,369 square feet to 379,033 square feet, to ensure sufficient space for operations and potential expansion.
- Average cap rates, currently at 6.95%, to determine the potential return on investment and gauge the property's financial performance.
With 16 available listings of warehouses in Cleveland, investors have a range of options to choose from, each offering unique benefits and opportunities for growth.
What size warehouses are available to buy in Cleveland?
Warehouse buyers in Cleveland can find properties ranging in size from 69,369 square feet to 379,033 square feet, with an average price per square foot of $63 USD and an average cap rate of 6.95%, among the 16 available listings.
How much does it cost to buy a warehouse in Cleveland?
When it comes to buying a warehouse in Cleveland, the cost can vary greatly depending on factors such as size, location, and condition, but on average, you can expect to pay around $63 USD per square foot, with the average warehouse size being around 69,369 square feet, and the largest available warehouse spanning 379,033 square feet, with an average cap rate of 6.95%, and with 16 available listings to choose from.
