3200 Greenwich RdNorton, OH 44203

  • Community centers
  • 60,727 SF

Property Details for 3200 Greenwich Rd

Year built
1950
Lot size
17.39 AC
Property size (Sq ft)
60,727 SF
Property type
Community centers
APN
46-08888
APU
4608888

Description

Norton Plaza, located at 3200 Greenwich Rd, Norton, OH 44203, offers exceptional retail space in a thriving Summit County shopping center. This 168,859 square foot property features a diverse tenant mix, anchored by a newly renovated and expanded Acme Fresh Market. Multiple spaces are available, ranging from a minimum of 400 square feet to a maximum contiguous space of 2,780 square feet, with a total of 11,527 square feet currently vacant. The center enjoys a convenient location just south of the Cleveland Massillon Road I-76 exit, ensuring high visibility and accessibility for customers. Current tenants include a variety of established businesses such as Ace Hardware, Advance Auto Parts, Karen's Hallmark, Dollar General, Norton Nail Salon, Great Clips, Cosmo Prof, United States Post Office, H&R Block, Verizon Wireless, the Funky Truckeria, Cost Cutters, Loyal Oak Nutrition, New Horizon Credit Union, Citizens Bank, and People Ready. This grocery-anchored center presents a strong opportunity for businesses seeking high-traffic locations in a well-established retail environment. The property's diverse tenant mix and strategic location offer significant potential for growth and profitability. Contact us today to learn more about the available spaces and explore the possibilities for your business at Norton Plaza.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $16,976,864
    6.5%
    $15,670,951
    7%
    $14,551,597
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,314,617
    Geo Method
    $14,314,617
  • Alternative Use

    Use
    Valuation
    Residential
    $13,219,033
    Hospitality
    $12,108,563
    Educational
    $10,074,183
    Medical
    $10,420,649
    Retail
    $15,670,951

Location Insight

City
Norton
County
Summit
State
Ohio
Latitude
41.0244
Longitude
-81.6402
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
$230,696
$425,930
$1,456,100
$1,882,030
-
$1,216,950
$4,160,290
$5,377,240

FAQs

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