651 Martin Avenue — Sale in Akron, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Akron, OH 44306

Description

Jones Lang LaSalle America’s Inc., (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 651 Martin Ave (the “Property” or “Site”), a ±7.17 Ac infill parcel poised for redevelopment in Santa Clara, CA. The Site is zoned Heavy Industrial (HI) allowing for a wide range of uses, including Warehouse & Distribution, Data Centers, Manufacturing, and Industrial Outdoor Storage/Industrial Service Facilities (IOS/ISF). The property currently features 3 individual structures including a 23,760 SF warehouse, a 40,000 SF warehouse, and a 2,902 SF service center, all prime for demolition and redevelopment. At 45% FAR, the site can accommodate a 148,635 SF industrial development. This broad zoning designation offers developers the ultimate flexibility to cater to market demand when reimagining the Site. Parcels of this size and zoned Heavy Industrial (HI) rarely hit the market and are highly sought after in Silicon Valley. The Property offers the opportunity for near-term IOS/ISF use to generate cash flow during the entitlement process. Over the longer term, the Site presents significant optionality for developers to construct a brand new Class A advanced manufacturing facility. 651 Martin Ave offers a rare opportunity to acquire redevelopment-ready heavy industrial zoned land in one of the most desirable infill core coastal markets in the country.

Market Context

This commercial property in Akron, OH is listed for sale. It has been on the market for 81 days. Compare it against other commercial property listings for sale in Akron, OH — view the full market.

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