4494 State Route 43Kent, OH 44240

Property Details for 4494 State Route 43

Year built

2006

Lot size

3.66 AC

Property size (Sq ft)

16,000 SF

Property type

Retail properties

Property subtype

Strip malls

APN

04-023-00-00-049

APU

40230000049

Description

This exceptional 8,000-square-foot flex space in Kent, Ohio, presents a compelling opportunity for businesses seeking a prime location. Situated on 3.641 acres at 4494 State Route 43, this single-story, 2006-built Class B building offers a versatile layout ideal for a variety of uses. The property features approximately 4,700 square feet of warehouse space with a bay door, complemented by 3,300 square feet of office space. The attractive masonry and stucco exterior, accented by storefront windows and formal gables, provides excellent curb appeal. Benefitting from 250 feet of frontage on State Route 43, the property enjoys high visibility to the 25,000 vehicles passing daily. Its strategic location near Interstate 76 ensures easy accessibility, while its proximity to a Cleveland Clinic Express Care Clinic, Kent State University (with 27,000 students), and numerous amenities including gas stations, hotels, restaurants, and residential developments, provides a strong customer base and convenient access for employees. The property is available for lease at $14.00 per square foot, commencing November 1, 2023. The Portage County location, within the rapidly growing Brimfield area, makes this an ideal space for both national chains and local businesses. The property's parcel number is 04-023-00-00-049-000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,472,966

  6.5%

  $4,128,892

  7%

  $3,833,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,771,533

  Geo Method

  $3,771,533

• Alternative Use

  Use

  Valuation

  Residential

  $3,482,875

  Hospitality

  $3,190,294

  Educational

  $2,654,288

  Medical

  $2,745,572

  Retail

  $4,128,892

Location Insight

City

Kent

County

Portage

State

Ohio

Latitude

41.1121

Longitude

-81.3476

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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