311 Garfield RdAurora, OH 44202

Property Details for 311 Garfield Rd

Year built

1940

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

1,172 SF

Property type

Retail properties

Property subtype

Retail space

APN

03-024-00-00-032

APU

30240000032

Description

This exceptional 1,536-square-foot commercial property at 311 E Garfield Road in Aurora, OH, presents a unique investment opportunity. Situated on a 0.37-acre lot, this landmark building offers unparalleled visibility and accessibility. Recent renovations have transformed the interior, showcasing immaculate, freshly sanded and stained hardwood floors. Walls have been strategically removed to create an open, inviting layout, complemented by new windows that bathe the space in natural light. The updated exterior features a welcoming front porch. Interior enhancements include a custom decorative vinyl ceiling, a new chandelier, and additional lighting fixtures. Plumbing is in place for an additional sink. The versatile floor plan includes three rooms on the first floor and two on the second, totaling 1,536 square feet. Dedicated parking spaces provide convenient access. This property's prime location near thriving businesses, restaurants, and shopping centers in Aurora offers significant growth potential. The property is ideal for a variety of uses, including office space, retail, or other commercial ventures. This is a rare opportunity to own a beautifully updated commercial space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $327,645

  6.5%

  $302,441

  7%

  $280,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,265

  Geo Method

  $276,265

• Alternative Use

  Use

  Valuation

  Residential

  $255,121

  Hospitality

  $233,689

  Educational

  $194,427

  Medical

  $201,113

  Retail

  $302,441

Location Insight

City

Aurora

County

Portage

State

Ohio

Latitude

41.3176

Longitude

-81.334

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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