8929 State Route 14Streetsboro, OH 44241

Property Details for 8929 State Route 14

Year built

1989

Lot size

2.34 AC

Property size (Sq ft)

9,600 SF

Property type

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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