11253 Roswell Ave

• Industrial Land / Contractor Yard / Owner-User Opportunity
• IC – Community Industrial zoning
• Property is reported to be within county land-use jurisdiction. Applicable jurisdiction, zoning requirements, and permitted uses should be confirmed as part of due diligence.
• Approximately 0.88 acres / 38,332 SF of land
• Approximately 720 SF existing workshop with power available
• Current use: truck parking
• Asking price: $1,450,000 / approximately $37.84 per SF of land
• Approximate lot dimensions: 128' wide x 300' deep

Approximately 0.88-acre industrial property with a 720 SF existing workshop and power available. The property is being marketed primarily for its land value and is currently being used for truck parking.

The site is partially improved with asphalt paving and already includes an existing structure, making it more usable in its current condition than completely unimproved industrial land.

The approximately 128' x 300' lot configuration could work well for an owner-user looking for a contractor storage yard, equipment yard, or similar industrial use, subject to applicable zoning and land-use approvals.

I think this is a good property at the current asking price, although I would still negotiate based on today's market.

At $1,450,000, the property is priced at approximately $37.84/SF of land. Comparable industrial land of this type has generally traded around the $30–$37/SF range.

Given current market conditions, I would structure an initial offer closer to approximately $30–$32/SF of land, which equates to roughly $1,150,000–$1,225,000.

What I like about the property is that it already has an existing workshop, power, asphalt improvements, and an established industrial use rather than being completely unimproved land.

For an owner-user, the existing improvements could provide immediate utility while still providing a relatively large yard area.

There may also be an investment opportunity, but I would want a lower acquisition basis for the property to make sense as a rental investment.

Based on current lease rates, I would want the purchase price to be closer to approximately $1,100,000 for the property to become more attractive strictly from an investment standpoint.

The stronger opportunity at the current pricing is likely an owner-user that values the existing yard, workshop, improvements, and industrial location.

Approximately 0.88 acres of industrial land

IC – Community Industrial zoning

Approximately 720 SF existing workshop

Power available

Existing asphalt paving

Current truck-parking use

Approximately 128' x 300' rectangular lot configuration

Existing improvements reduce some of the work compared with unimproved land

Good potential for an owner-user needing contractor or equipment storage

Asking price is within the general range of comparable industrial land values

The main issue I would evaluate carefully is the property's proximity to residential uses.

A change in use could potentially trigger additional discretionary approvals, including a Conditional Use Permit depending on the proposed operation and applicable jurisdictional requirements.

Because of the residential adjacency, certain businesses may also face restrictions relating to:

Hours of operation

Noise

Outdoor activity

Truck traffic

Intensity of use

Type of business or operation

Any buyer should confirm the proposed use with the applicable land-use authority before completing the purchase.

I would also plan to complete a Phase I Environmental Site Assessment during due diligence. Depending on the property's historical uses and the findings of the Phase I, a Phase II investigation may also be appropriate.

The ideal buyer is an owner-user looking for a contractor storage yard, equipment yard, truck-related use, or similar industrial property that can benefit from the existing workshop and site improvements.

The buyer should have a use that is compatible with the surrounding properties and should confirm zoning, permitted uses, operating restrictions, and any CUP requirements during due diligence.