8929 State Route 14Streetsboro, OH 44241

  • Retail properties
  • 9,600 SF
For Lease
$12.90/SF/YR View listing

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
8929 State Route 14, Streetsboro, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,693
$55,200
$136,220
$191,420
-
$157,700
$389,200
$546,900

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