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

Retail properties

Property subtype

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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