500 Aurora RdMacedonia, OH 44056

Property Details for 500 Aurora Rd

Year built

1981

Lot size

3.93 AC

Property size (Sq ft)

42,648 SF

Property type

Retail properties

Property subtype

Retail space

APN

33-03335

APU

3303335

Description

This exceptional retail opportunity is located at Macedonia Gateway in Macedonia, Ohio, a thriving retail hub situated between Cleveland and Akron. The property offers multiple tenancy options, with spaces ranging from 3,500 square feet to 20,000 square feet (larger spaces available upon inquiry). This location boasts maximum visibility and convenient access, ensuring high traffic and customer exposure. The center is anchored by a strong lineup of national retailers, including Best Buy, Burlington, Nordstrom Rack, Office Max, Petco, T.J. Maxx, and Sephora (opening June 2024). This established retail corridor benefits from its position within a dominant trade area, attracting a significant customer base. The surrounding area also features a robust mix of retailers such as Giant Eagle, The Home Depot, Kohl's, Lowe's, Target, and Walmart, further solidifying the area's retail strength and drawing significant consumer traffic. This is an unparalleled opportunity to establish or expand your business in a high-demand location with exceptional visibility and access to a large customer base. Contact us today to discuss available space and lease terms. The property is classified as an anchor retail space with multiple tenancy options. The county is Summit County.

• CAP approach

  CAP return

  Valuation

  6%

  $11,922,691

  6.5%

  $11,005,561

  7%

  $10,219,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,053,021

  Geo Method

  $10,053,021

• Alternative Use

  Use

  Valuation

  Residential

  $9,283,603

  Hospitality

  $8,503,730

  Educational

  $7,075,004

  Medical

  $7,318,324

  Retail

  $11,005,561

Location Insight

City

Macedonia

County

Summit

State

Ohio

Latitude

41.313

Longitude

-81.5193

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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