1540 Canton RdAkron, OH 44312

Property Details for 1540 Canton Rd

Year built

1997

Lot size

1.04 AC

Property size (Sq ft)

11,429 SF

Property type

Retail space

APN

54-02251

APU

5402251

Description

This exceptional 11,335-square-foot freestanding retail building is available for lease at 1540 Canton Rd, Akron, Ohio. Situated on a 1.04-acre lot, this single-tenant property offers ample space for a variety of retail uses. Built in 1997, the building is a single-story structure with a B1 zoning designation. The entire 11,335 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent location in Akron. The property's convenient location in Summit County, with easy access to major roadways, ensures high visibility and accessibility for customers. The building's single-story design provides efficient use of space and easy navigation. The large lot size offers ample parking and potential for future expansion or outdoor amenities. This property is ideal for businesses seeking a high-profile location with significant square footage in a thriving Akron community. The 44312 zip code offers a strong demographic profile, making this an attractive location for a variety of retail businesses. This is a rare opportunity to secure a substantial freestanding retail space in a desirable Akron location. The property's size and zoning make it suitable for a wide range of retail concepts. Interested parties are encouraged to inquire for further details and leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $3,195,096

  6.5%

  $2,949,319

  7%

  $2,738,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,694,053

  Geo Method

  $2,694,053

• Alternative Use

  Use

  Valuation

  Residential

  $2,487,861

  Hospitality

  $2,278,867

  Educational

  $1,895,991

  Medical

  $1,961,197

  Retail

  $2,949,319

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0246

Longitude

-81.4216

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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