915 Arlington StAkron, OH 44306

  • Retail properties
  • 10,892 SF
For Sale
$1,100,000 View listing

Property Details for 915 Arlington St

Year built
1996
Lot size
0.94 AC
Property size (Sq ft)
10,892 SF
Property type
Retail properties
Property subtype
Other retail properties
APN
68-59071
APU
6859071

Description

This exceptional 10,892-square-foot freestanding retail building presents a remarkable opportunity for investors and entrepreneurs. Located at 915 S Arlington St in Akron, Ohio, within Summit County, this Class A property sits on a sizable 0.94-acre lot. Currently vacant, the entire 10,892 square feet is available for immediate occupancy. The building's previous use as a drugstore suggests a strong history of retail success in this location. The expansive lot size offers ample parking and potential for future expansion or outdoor amenities. The property's prominent location within Akron provides excellent visibility and accessibility, making it an attractive option for a wide range of retail businesses. Its single-tenancy configuration offers flexibility and control for the new owner. The property's address is 915 S Arlington St, Akron, OH 44306. This is a rare opportunity to acquire a substantial, well-located retail space in a thriving Ohio market. The property's size, location, and Class A designation make it an exceptional investment prospect. The 0.94 acres of land provide significant potential for future development or adaptation to suit a variety of retail concepts. This is a turnkey opportunity for immediate occupancy and business establishment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,044,972
    6.5%
    $2,810,743
    7%
    $2,609,976
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,567,471
    Geo Method
    $2,567,471
  • Alternative Use

    Use
    Valuation
    Residential
    $2,370,967
    Hospitality
    $2,171,793
    Educational
    $1,806,906
    Medical
    $1,869,048
    Retail
    $2,810,743
915 Arlington St, Akron, Ohio

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0472
Longitude
-81.4906
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
$31,987
$42,900
$323,150
$366,050
-
$122,580
$923,290
$1,045,870

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