4670 Allen RdStow, OH 44224

Property Details for 4670 Allen Rd

Year built

1995

Lot size

2.00 AC

Property size (Sq ft)

18,705 SF

Property type

Parking lots & garages

APN

56-05424

APU

5605424

Description

This exceptional 11,331-square-foot industrial warehouse is situated on a 4.071-acre lot in Stow, Ohio. Built in 1973, this single-story building offers a single-tenant occupancy and presents a significant opportunity for businesses seeking a well-established location. The property is zoned I-2 and features ample space for warehouse operations, with 11,331 square feet of office space available, offering build-out options to suit specific needs. Its strategic location provides excellent access to State Route 8, ensuring convenient transportation and logistics. The surrounding area boasts a strong pro-business environment, complemented by proximity to major healthcare facilities like the Cleveland Clinic and Akron General, numerous lodging options, and a robust retail sector. The high average family income of $125,963 within a three-mile radius underscores the area's economic vitality. The property's parcel numbers are 5605423 and 5605424, located in Summit County, Ohio, with a Stow, OH 44224 zip code. This property represents a compelling investment opportunity in a thriving industrial market. The building consists of one structure.

• CAP approach

  CAP return

  Valuation

  6%

  $5,229,177

  6.5%

  $4,826,932

  7%

  $4,482,152

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,409,158

  Geo Method

  $4,409,158

• Alternative Use

  Use

  Valuation

  Residential

  $4,071,698

  Hospitality

  $3,729,654

  Educational

  $3,103,028

  Medical

  $3,209,746

  Retail

  $4,826,932

Location Insight

City

Stow

County

Summit

State

Ohio

Latitude

41.1948

Longitude

-81.4746

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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