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294 East Third Street, Mansfield, OH, 44902

Hajoca
$500,000

Key Information

$ per SF
$45
Tot. SF
10,980
Lot Size
1.07 Acres
Year Built
1945
Term Remaining
± 3 Years
Type
Industrial

Highlights

• Durable Construction – Solid block/brick structure delivers longevity, lower long-term maintenance costs, and superior fire resistance vs. metal or wood-frame alternatives.
• Functional Layout – 16+ ft clear height in warehouse is an above-average clear height for a building this size, enabling racking, mezzanine installation, and larger equipment that many competing small-bay buildings cannot accommodate. Two drive-in doors provides grade-level access and supports simultaneous loading/unloading and a wide range of tenant operations. ~3,980 SF of office/flex space paired with 7,000 SF of warehouse creates a versatile footprint suitable for owner-users and a broad tenant pool alike.
• Recent Capital Improvements – New concrete work, partial roof replacement, and additional masonry work completed, reducing near-term capital expenditure risk for the buyer.
• Statewide Growth – Ohio earned AAA/Aaa/AAA credit ratings from all three major agencies for the first time in state history, with $12.1B in capital investment completed in 2025 and 273,000+ open jobs statewide – rising industrial demand across the state benefits secondary markets like Mansfield. Ohio ranked #1 in infrastructure nationally for three consecutive years and #2 for ease of doing business.
• Mark to Market Opportunity – At $45.54/SF, the asset is priced competitively relative to replacement cost for masonry construction, with meaningful rent-growth potential upon lease rollover.
• Strategic Midstate Location – Mansfield’s position near US-30 and I-71 provides efficient access to Columbus (~75 mi), Cleveland (~80 mi), and Toledo (~100 mi), supporting logistics and distribution tenants.

Photos

Location

Agents

Broker of Record

Matthew Wallace

License # BRKP.2024002419, REC.2022007141 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113