9660 Center StWindham, OH 44288

Property Details for 9660 Center St

Year built

1965

Lot size

2.25 AC

Property size (Sq ft)

18,085 SF

Property type

Retail properties

Property subtype

Strip malls

APN

41-046-00-00-003

APU

410460000003

Description

This exceptional 18,085 square foot retail property, situated on a 2.25-acre lot at 9660 E Center Street in Windham, Ohio, presents a remarkable investment opportunity. The building boasts a rich history of diverse commercial tenants, including a salon, pharmacy, bakery, grocery store, bank, and restaurant, showcasing its adaptability and strong location. The substantial size and layout offer significant potential for a variety of uses, making it ideal for both established businesses seeking expansion and entrepreneurs looking to establish a new venture. The property includes a convenient and spacious parking lot, ensuring ample space for customers and employees. The building's ground floor layout provides excellent visibility and accessibility. Prospective buyers are advised to independently verify current zoning regulations and permitted uses with the relevant authorities to ensure alignment with their intended business operations. This property offers a unique chance to acquire a well-located, versatile commercial space with a proven track record in a thriving community. The asking price is $499,900. Don't miss this chance to capitalize on the significant potential of this prime retail location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,055,850

  6.5%

  $4,666,938

  7%

  $4,333,586

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,263,010

  Geo Method

  $4,263,010

• Alternative Use

  Use

  Valuation

  Residential

  $3,936,737

  Hospitality

  $3,606,030

  Educational

  $3,000,174

  Medical

  $3,103,355

  Retail

  $4,666,938

Location Insight

City

Windham

County

Portage

State

Ohio

Latitude

41.2349

Longitude

-81.0426

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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