1410 Water StKent, OH 44240
- Retail properties
- 74,699 SF
Property Details for 1410 Water St
- Year built
- 1956
- Lot size
- 15.29 AC
- Property size (Sq ft)
- 74,699 SF
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 17-006-00-00-020
- APU
- 170060000020
Description
University Plaza, a vibrant 129,714 square foot community center, presents a unique investment opportunity in Kent, Ohio. This single-story, multi-tenant property boasts a prime location at the intersection of South Water and Cherry Streets, a high-traffic corridor with over 21,000 vehicles passing daily. The property features a diverse mix of retail, office, and restaurant tenants, creating a synergistic environment. With 21 suites ranging from 633 to 18,018 contiguous square feet, there's flexibility to accommodate various business needs. The 15.29-acre lot provides ample space and four convenient ingress/egress points for easy access. Benefit from below-market rental rates and the strong draw of Kent State University, with its 33,000 students located nearby. The available 18,000 square foot junior anchor space includes loading docks, ideal for businesses requiring efficient logistics. This high-volume retail area serves a large population across Portage County, ensuring a robust customer base. The property is zoned commercial and has an APN of 17-006-00-00-020. This is an exceptional opportunity to acquire a well-positioned property in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $20,882,880
- 6.5%
- $19,276,506
- 7%
- $17,899,612
-
Comparable approach
- Method
- Valuation
- Relative Method
- $17,608,108
- Geo Method
- $17,608,108
-
Alternative Use
- Use
- Valuation
- Residential
- $16,260,454
- Hospitality
- $14,894,488
- Educational
- $12,392,039
- Medical
- $12,818,220
- Retail
- $19,276,506
Location Insight
- City
- Kent
- County
- Portage
- State
- Ohio
- Latitude
- 41.1408
- Longitude
- -81.3577
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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