1664 Norton RdStow, OH 44224

Property Details for 1664 Norton Rd

Year built

1989

Lot size

7.14 AC

Property size (Sq ft)

36,500 SF

Property type

Retail properties

Property subtype

Community centers

APN

56-16274

APU

5616274

Description

This 5,000 square foot retail space, located at 1664 Norton Road in Stow, Ohio, presents a compelling investment opportunity. Situated on a 7.14-acre lot at the corner of SR-91 (Darrow Rd) and Norton Rd, this Class B property boasts a prime location at the border of Stow and Hudson. The center is anchored by a high-performing Giant Eagle grocery store, the 7th best performing out of 90 in Ohio, generating $47.7 million in annual sales and attracting 1.7 million visits annually. This strong anchor tenant ensures high foot traffic for neighboring businesses. The property features 200 parking spaces and benefits from excellent visibility and accessibility, with SR-91 seeing 20,500 vehicles per day and Norton Rd seeing 13,500. The surrounding area boasts a population of 105,668 within a 5-mile radius, with a median household income exceeding $90,000. The property is zoned C-4 and features a single, one-story building constructed in 1989. The available space totals 1,500 square feet, making it ideal for a variety of retail uses. This is a rare opportunity to establish a business in a thriving retail center with a proven track record of success. The property's APN is 5616274, and it is located in Summit County, Ohio, zip code 44224.

• CAP approach

  CAP return

  Valuation

  6%

  $10,203,954

  6.5%

  $9,419,034

  7%

  $8,746,246

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,603,809

  Geo Method

  $8,603,809

• Alternative Use

  Use

  Valuation

  Residential

  $7,945,308

  Hospitality

  $7,277,860

  Educational

  $6,055,094

  Medical

  $6,263,338

  Retail

  $9,419,034

Location Insight

City

Stow

County

Summit

State

Ohio

Latitude

41.2015

Longitude

-81.4364

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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