19 Arlington StAkron, OH 44305
- Other commercial real estate
- 18,530 SF
Property Details for 19 Arlington St
- Year built
- 1947
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 18,530 SF
- Property type
- Other commercial real estate
- APN
- 67-39340
- APU
- 6739340
Description
This exceptional 9,540 square foot retail space, previously occupied by Family Dollar, presents a unique investment opportunity in a high-traffic location. Situated less than two miles from downtown Akron, Ohio, and in close proximity to Route 8, this single-tenant property benefits from exceptional visibility and accessibility. The property enjoys a strong demographic advantage, with over 256,000 residents within a five-mile radius, many of whom are within easy walking distance. High daily traffic counts on N. Arlington Street (over 8,000 vehicles) and nearby E. Market Street (over 14,000 vehicles) ensure significant exposure for any business. The property's strategic location offers substantial potential for a variety of retail uses. Furthermore, there's an opportunity to expand the footprint by approximately 8,800 square feet. This additional space is available through a potential lease buyout, with the existing lease expiring January 1, 2026. This presents a chance to significantly increase the property's overall size and revenue potential. This property is ideal for an owner-user or an investor seeking a strong return in a thriving market. The combination of high traffic, strong demographics, and expansion potential makes this a truly compelling investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,033,604
- Hospitality
- $3,694,760
- Educational
- $3,073,997
- Medical
- $3,179,716
- Retail
- $4,781,773
Location Insight
- City
- Akron
- County
- Summit
- State
- Ohio
- Latitude
- 41.073
- Longitude
- -81.4902
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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