Searching for land for sale near Cleveland, Ohio? Whether you are interested in diversifying your investment portfolio or are planning to build a new facility for your business operations, purchasing land is an exciting decision.
Here at Cushman & Wakefield | CRESCO, our real estate experts are well-versed in the disposition and acquisition of land for commercial and industrial use. Below, learn about several of the advantages of buying land, things to consider when purchasing land, and available parcels of land for sale in the Greater Cleveland area.
Advantages of Buying Land
Purchasing land rather than an existing building certainly has its advantages. For investors, buying vacant land is usually a more affordable long-term investment, as property fees and taxes tend to be lower than those for developed land. Land also requires significantly less maintenance than developed commercial properties such as offices and industrial facilities.
For business owners looking to develop the property, vacant land offers the benefit of complete freedom and flexibility (within the regulations set by zoning laws) to build according to your needs. If the property is larger than what you require for your operations, you can lease the unused facilities to help offset your costs.
Things to Consider When Purchasing Land
We always recommend partnering with a qualified real estate broker when selling or buying land. True, a vacant parcel of land has no existing structures to be inspected. But it is still essential to evaluate the condition of the property, such as the slope of the ground and the amount of work required (leveling the land, clearing brush and debris, etc.) in order to host a building, parking lot, or other structures.
Additionally, the location of the land itself is one of the most important considerations. Is the property conveniently located for clients, suppliers, and employees? Is it easily accessible from major highways and shipping lanes? Most importantly of all, is the land zoned for your business needs and activities?
Lastly, how might adjacent properties or businesses impact the value of your land, as well as your daily operations? A retail store would likely benefit from close proximity to a restaurant, grocery store, or shopping center. By comparison, customer-facing businesses should usually avoid moving in next to industrial properties, even if the zoning is right.
Land for Sale Near Cleveland, Ohio
Below, we highlight a few parcels of land that are currently for sale in the Greater Cleveland area. To see more available properties, browse all of CRESCO’s land listings.
This lot consists of two shovel-ready sites: one is approximately 12.21 acres while the other is approximately 1.52 acres. These sites are the first ready-to-build sites in the City of Cleveland in years. Direct access to major highways, railways, and the Port of Cleveland make the Shoreway Commerce Park an ideal location.
Seven acres of land for sale in Independence, just 15 minutes from Downtown Cleveland. With easy access to I-77 & I-480, 5711 Lombardo Center offers a great location in close proximity to a number of restaurants, banks, pharmacies, and more. Zoned for nursing/assisted living.
Zoned for manufacturing / distribution, this 5.82-acre lot offers easy access to I-77 and I-80 (the Ohio Turnpike), as well as excellent highway visibility. Nearby businesses include Lubrizol, Pison Stream Solutions, Caruso’s Coffee, PNC Bank, and Valor Acres Mixed-Use Development.
Located in Lorain County, 20 miles west of Cleveland, the French Creek Business Park offers 90 acres of fully improved, shovel-ready sites. The property offers excellent access to Interstate 90 and Interstate 80, as well as to restaurants, retail, banking, and more. Permitted use includes industrial / manufacturing / distribution, research / laboratories, medical / office, and civic / public.
Cushman & Wakefield | CRESCO represents owners and developers of small, medium and large parcels of commercial and industrial land throughout Greater Cleveland. Please contact us for more information.
To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.