8929 State Route 14Streetsboro, OH 44241
- Retail properties
- 9,600 SF
Property Details for 8929 State Route 14
- Year built
- 1989
- Lot size
- 2.34 AC
- Property size (Sq ft)
- 9,600 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 35-057-00-00-047-012
- APU
- 350570000047012
Description
This Streetsboro, Ohio property, located at 8929 State Route 14, offers a compelling investment opportunity. The single-tenant building, constructed in 1989, boasts 1,536 square feet of versatile space situated on a 2.52-acre lot. Currently occupied by a reputable national tenant, Airgas, this property provides immediate rental income. The building features a 576 sq ft front office area and a 960 sq ft warehouse with a 12x14 drive-in door. The property's high-traffic location on State Route 14 in Portage County ensures excellent visibility and accessibility. The property's zoning allows for flexibility in use, making it suitable for a variety of businesses. The ample lot size presents potential for future expansion. The property's Class B designation reflects its solid construction and functionality. With its strong tenant and prime location, this property is an attractive option for investors seeking a stable return and owner-users looking for a high-visibility location. The property's address is 8929 State Route 14, Streetsboro, OH 44241. The APN is 35-057-00-00-047-012. The building is a single-story structure. While the listing mentions parking, the exact number of spaces is not specified. The property is classified as both retail and office.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,683,780
- 6.5%
- $2,477,335
- 7%
- $2,300,382
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,262,920
- Geo Method
- $2,262,920
-
Alternative Use
- Use
- Valuation
- Residential
- $2,089,725
- Hospitality
- $1,914,177
- Educational
- $1,592,572
- Medical
- $1,647,344
- Retail
- $2,477,335
Location Insight
- City
- Streetsboro
- County
- Portage
- State
- Ohio
- Latitude
- 41.2334
- Longitude
- -81.3312
- 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
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