55 Barrington Town Square DrAurora, OH 44202

  • Retail properties
  • 20,832 SF
For Lease

Property Details for 55 Barrington Town Square Dr

Year built
1998
Lot size
2.04 AC
Property size (Sq ft)
20,832 SF
Property type
Retail properties
Property subtype
Community centers
APN
03-017-00-00-051
APU
30170000051

Description

This exceptional 2,492 sq. ft. retail space is situated within the vibrant Barrington Town Square in Aurora, Ohio, a thriving southeastern Cleveland suburb. The property, built in 1996, is a single-story, Class B building on an expansive 11.855-acre lot (APN: 03-017-00-00-049-003, Portage County). Currently, one suite is available for lease within this multi-tenant retail center. The location benefits from a strong shadow anchor, Heinen's, and enjoys proximity to a diverse mix of national and local retailers, including Cinemark, Dollar Tree, and Pizza Hut. The area boasts a high concentration of major retailers such as Walmart, Target, Home Depot, Aldi, Kohl's, Marc's, Dick's, Marshalls, Big Lots, PetSmart, and Starbucks, ensuring high visibility and foot traffic. Aurora's affluent community and the high ranking of Aurora High School (Top 30 in the state) contribute to a desirable and stable market. This property presents a compelling opportunity for businesses seeking a prime retail location in a prosperous and well-established area. The property consists of one building with multiple suites, and the total number of suites is not specified.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,823,802
    6.5%
    $5,375,817
    7%
    $4,991,830
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,910,536
    Geo Method
    $4,910,536
  • Alternative Use

    Use
    Valuation
    Residential
    $4,534,703
    Hospitality
    $4,153,764
    Educational
    $3,455,882
    Medical
    $3,574,736
    Retail
    $5,375,817
55 Barrington Town Square Dr, Aurora, Ohio

Location Insight

City
Aurora
County
Portage
State
Ohio
Latitude
41.3189
Longitude
-81.3471
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,832
$155,680
$519,860
$675,540
-
$444,800
$1,485,300
$1,930,100

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