1244 Arlington StAkron, OH 44306

Property Details for 1244 Arlington St

Year built

1967

Lot size

0.33 AC

Property size (Sq ft)

4,500 SF

Property type

Retail properties

Property subtype

Auto shops

APN

68-60225

APU

6860225

Description

This 0.331-acre lot at 1244 S Arlington Street in Akron, Ohio (Summit County, zip code 44306) is offered at $350,000. The property features a nearly 4,300 square foot garage with seven 12-foot-high garage doors, ideal for an automotive-related business. An additional 418 square feet of storage space is also included. This exceptional location boasts an average daily traffic count of 16,581 vehicles, ensuring high visibility and potential customer traffic. The property is being sold after more than 20 years of successful operation by the current owner, presenting a turnkey opportunity for a new business venture. The property is zoned for commercial use and is ready for immediate occupancy. This is a rare opportunity to acquire a well-established commercial property in a high-traffic area of Akron. The property's size and features make it suitable for a variety of automotive-related businesses or other commercial uses. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,022

  6.5%

  $1,161,251

  7%

  $1,078,304

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,060,744

  Geo Method

  $1,060,744

• Alternative Use

  Use

  Valuation

  Residential

  $979,558

  Hospitality

  $897,270

  Educational

  $746,518

  Medical

  $772,192

  Retail

  $1,161,251

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.038

Longitude

-81.4917

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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