Active
5800 Diamond Avenue
5800 Diamond Avenue, Cleveland, OH 44104 United States
Building Size
178,980 SF
Lot Size
9.8 Acres
Construction Status
Existing
Built
2011
Building Size
178,980 SF
Lot Size
9.8 Acres
Construction Status
Existing
OVERVIEW
The former Green City Growers greenhouse, built in 2011 at a cost of approximately $16M. same facility would cost an estimated $20–$22M to duplicate today. It is offered As-Is at a significant discount to that replacement cost, allowing a buyer to be operational in the near term without the design, permitting, and construction cycle of a new greenhouse —on a site that sits within both a New Market Tax Credit area and a federal Opportunity Zone. History: In 2011 Green City Growers (GCG) developed the property as part of an initiative by the City of Cleveland to create skilled labor jobs. The site was strategically selected for the state-of-the-art greenhouse. Immediate interstate access and an abundance of public transit lines in close proximity made this site ideal for a project of this magnitude. The project opened in 2012 and was growing produce for consumption in February 2013. https://www.youtube.com/watch?v=zJZnCW-V3Ww In May of 2022, GCG was sold to Local Roots Cleveland, a company headquartered in Fort Wayne, IN. The subject property which is fully secured features, 250,000-Watt generator, coolers, and boiler systems. The high –tech Priva system (www.priva.com) is included in the offering, helping control the climate and management of an optimal indoor growing facility. Included in the 178,980 SF is an office / storage & processing area that is 72’ X380’ = 27,360 SF. The processing area includes access to dock doors which allows for an efficient distribution of post – harvest greens.
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Details
- Building Size:
- 178,980 SF
- Sale Price:
- $2,700,000 USD
- Lot Size:
- 9.8 Acres
- Construction Status:
- Existing
- Year Built:
- 2011
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LOCATION
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