Rare Industrial Development Opportunity Hits the Market in Cincinnati

Strategic Insights -

A prime industrial site in the heart of the Cincinnati metropolitan area, offering infrastructure-ready parcels and economic development support, has come on the market. The Port of Greater Cincinnati Development Authority has selected Colliers to market a 27-acre industrial development site at 5051 Estecreek Road in the Winton Hills neighborhood, with an asking price of $2.18 million. This shovel-ready site is poised to attract manufacturers and industrial users seeking proximity to downtown Cincinnati and robust infrastructure.

Key Takeaways:

  • The 27-acre industrial development site at 5051 Estecreek Road in the Winton Hills neighborhood is being marketed by Colliers Cincinnati's industrial experts.
  • The site is being sold as two individual parcels: one 8-acre lot and one 19-acre lot, each listed at $1.09 million.
  • Each parcel is graded, compacted, and fully utility-served, including Duke Energy gas and electric service, Cincinnati Water Works water line, and Altafiber fiberoptic connection with 100-gig bandwidth.
  • Both parcels support build-to-suit industrial development with the potential to accommodate up to 100,000 square feet of new construction on each lot.
  • The site is strategically located just 1.5 miles from I-75 and is within a dynamic and evolving urban-industrial corridor, with major employers like Procter & Gamble and Marathon Petroleum nearby.
  • The Port of Greater Cincinnati Development Authority, through its industrial strategy, aims to transform the site into a hub for industrial opportunities, leveraging the region's skilled labor force and robust infrastructure.
  • The redevelopment efforts are expected to attract 50-150 new high-quality jobs to the Winton Hills neighborhood.

Statistics:

  • Asking price for the 27-acre industrial development site: $2.18 million.
  • Price per parcel: $1.09 million per 8-acre or 19-acre lot.
  • Number of lots: 2.
  • Total amount of new construction potential: Up to 200,000 square feet (100,000 square feet per lot).
  • Distance from I-75: 1.5 miles.
  • Gigabit connectivity available: 100-gig bandwidth.

Sources:

  • Colliers International New Hampshire, press release (no date provided)
  • The Cincinnati Enquirer, "Port of Greater Cincinnati Development Authority Selects Colliers to Market 27-Acre Industrial Development Site" (no date provided)
  • Colliers listing for 5051 Estecreek Road (no date provided)