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South Munroe Industrial Park

south_munroe3Background
S. Munroe Road Industrial Park is a 54 acre industrial park available for development. The park is located on the west side of S. Munroe Road, near the Gilchrist Road industrial office area. The property entrance is within 1.5 miles of the Gilchrist road exit of I-76. Akron-Canton, Cleveland Hopkins International and Akron Fulton Municipal airports are all within 10 to 30 miles from this site and rail access is available as needed. Light industrial development and the creation of manufacturing employment opportunities. Quality industrial/office park setting to generate long term job growth in the City of Akron. Land is not available for speculation/resale.

Land Availability

Development Standard

  • Quality development standards in building materials, signage and site improvements must be maintained.
  • Acceptable building lot coverage is targeted at 20-30 percent, providing for planned development and future expansion

Infrastructure Improvements And Utilities

  • All utilities and necessary public streets will be provided by the City of Akron without assessment to property owner:
  • Electricity: FirstEnergy Service Provider
  • Gas: Dominion East Ohio Gas Company—Main Size 6”
  • Water: City of Akron—Main size 12”
  • Sewer: City of Akron—Main size 8”
  • Telecom: Time Warner fiber accessible on Gilchrist Road, an aerial fiber build- out would be necessary to new location.

Purchased Price

  • Land sale price of $25,000/acre
  • City offers either conveyance for  cash at closing or financing through a 20-year capitalized ground lease agreement with deed transfer for $1.00 at the end of the term.  Option to purchase for unpaid principal balance at any time during the lease term.
  • Cooperative marketing arrangements with real estate brokers.