For Sale
$1,150,000

754 Cleveland Ave Mogadore, OH 44312

Mogadore, OH Medical/Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional three-story, 16,488 square foot Class B office building presents a compelling investment opportunity. Located at 754 S Cleveland Ave, Akron, OH 44312, in Summit County, this multi-tenant property boasts 90% occupancy with a diverse mix of executive, medical, and traditional office spaces across five units. Built in 1989 and extensively renovated in 2021, the property features a new water system, updated monument signage, a resurfaced parking lot, and significant LED lighting upgrades (50% of the building). The 6.47-acre lot provides ample parking. Current leases offer a strong cash flow, with an anchor tenant holding an eight-year lease and others ranging from three to six years. A vacant second-floor suite presents a value-add opportunity for increased revenue. The property benefits from a modified lease structure and is strategically situated off SR-224 in a park-like setting, bordering Portage County. The asking price is $1,150,000, translating to $69.75 per square foot. APN: 5109346

Highlights

  • 90% occupied, multi-tenant medical/office building in Akron, OH.
  • Recently renovated (2021) with a new water system, monument signage, and resurfaced parking lot.
  • 50% LED lighting upgrade (2021 & 2022).
  • Value-add opportunity with one vacant suite.

Property Details for 754 Cleveland Ave

Property type
Office properties, Medical offices
Square Feet
16,488 SF
Class
B
Year Built/Renovated
1989/2021
Stories
3
Lot Size (sq. ft)
281,833 SF
Units
5

Location Insight

City
Mogadore
County
Summit
State
Ohio
Latitude
41.0302937
Longitude
-81.3937667

FAQs

What type of property is this?
Office property - Mogadore, OH Medical/Office Investment
Where is the office property located?
The property is located at 754 Cleveland Ave Mogadore, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 90% occupied, multi-tenant medical/office building in Akron, OH.; Recently renovated (2021) with a new water system, monument signage, and resurfaced parking lot.; 50% LED lighting upgrade (2021 & 2022).
How can I contact the broker?
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754 Cleveland Ave
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