775 W Smith Rd - Industrial FOR SALE


Medina, OH 44256
$6,750,000 USD
330-714-4415
775 W Smith Rd, Medina, OH for Sale
$6,750,000 USD
Industrial - FOR SALE
1/20
null | 7.4% Cap Rate

775 W Smith Rd
Medina, OH 44256


HIGHLIGHTS

  • Zoned for a wide range of industrial uses: warehousing, light manufacturing, contractor bays, flex-office, and distribution.
  • Strong appeal for both owner-users and multi-tenant investment strategies.
  • Functional layout with industrial-grade utilities, off-street parking, and truck access.
  • Quick access to I-71, Route 18, and Route 42 for easy reach to Cleveland, Akron, and beyond.
  • Surrounded by trade services, logistics, automotive, and light manufacturing businesses.
  • Lower taxes and operating costs compared to retail or core-office alternatives.

OVERVIEW

This professionally managed industrial property presents a compelling opportunity for investors seeking stabilized income with future upside. Long-term ownership has ensured ongoing functionality, with targeted upgrades including refreshed office units, modern lighting, and a compliant fire suppression system. The asset is transitioning to triple net (NNN) leases—already in place with some tenants—positioning it for enhanced expense recovery and more predictable cash flow. Located in Medina’s tight industrial market, demand remains strong among smaller-bay users, driving rent growth and low vacancy. With management in place and available post-sale, this property offers operational continuity for local or out-of-market investors seeking reliable returns and long-term flexibility. 775 West Smith Road offers a flexible, industrial-zoned property in Medina’s established industrial corridor—one of Northeast Ohio’s most business-friendly submarkets. Suitable for warehousing, light manufacturing, service trades, and flex-office uses, it appeals to both owner-users and investors. The site provides direct access to I-71, Route 18, and Route 42. Recent upgrades to West Smith Road enhance connectivity to Cleveland, Akron, and surrounding markets. Medina’s low operating costs, competitive tax environment, and access to a skilled labor pool make it a cost-effective alternative to metro-core areas. Nearby amenities like Historic Medina Square and Foundry Social add to tenant appeal. Located near the Medina County Fairgrounds and similar industrial users and service-based users, the property benefits from strong visibility, local traffic exposure, and adaptability for future tenant needs. Whether leveraged as a stable income-producing asset or repositioned for higher-value tenancy, 775 West Smith Road offers a strategic foothold in a market with upside potential and long-term industrial viability.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

775-779 West Smith Road

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Distribution, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

5.88

LAND SF

256,133

ZONING

I-1

APN/PARCEL ID

029-19A-20-014,029-19A-20-018,029-19A-20-019

ASK ABOUT THIS PROPERTY

Steve MasicaSPERRY - The Masica CompanyMore Info
330-714-4415

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Steve MasicaSPERRY - The Masica CompanyMore Info
330-714-4415

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.