9360 State Route 43Streetsboro, OH 44241

Property Details for 9360 State Route 43

Year built

1961

Lot size

0.66 AC

Property size (Sq ft)

1,932 SF

Property type

Retail properties

Property subtype

Auto shops

APN

35-046-10-00-057

APU

350461000057

Description

This exceptional 1,932 square foot service repair garage is situated on a desirable 0.66-acre corner lot in Streetsboro, Ohio, offering unparalleled convenience and accessibility. The property boasts three 10-foot bay doors, two of which include additional rear bay door access, enhancing operational efficiency. Two vehicle lifts are included: one new 2-post 10,000 lb lift and one 4-post 12,000 lb drive-on lift. The building features 14-foot ceilings, providing ample vertical space for various uses. Recent upgrades include a new heater in the shop and a new furnace in the office/lobby area. A newly drywalled loft space offers versatile potential for additional office space or storage. Separate half-bathrooms cater to both customers and employees. Ample parking is available both in front and behind the building, accessible from State Route 43 and Cecil Drive. The exterior features vinyl siding and a roof approximately 10 years old. This property benefits from a prime location near a variety of retail and dining options, and is less than 10 minutes from the convenience of I-480/80. The property is zoned for Commercial Garage use (Land Use 455) and has an Occupancy type code of 528 (Service Repair Garage). This is a turn-key opportunity for a discerning buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $540,111

  6.5%

  $498,564

  7%

  $462,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $455,413

  Geo Method

  $455,413

• Alternative Use

  Use

  Valuation

  Residential

  $420,557

  Hospitality

  $385,228

  Educational

  $320,505

  Medical

  $331,528

  Retail

  $498,564

Location Insight

City

Streetsboro

County

Portage

State

Ohio

Latitude

41.2457

Longitude

-81.345

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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