1113 Cleveland Massillon RdAkron, OH 44321

  • Office properties
  • 3,600 SF
For Sale

Property Details for 1113 Cleveland Massillon Rd

Year built
1996
Construction
FRAME
Lot size
2.81 AC
Property size (Sq ft)
3,600 SF
Property type
Office properties
Property subtype
Office buildings
APN
15-00454
APU
1500454

Description

This exceptional 4.86-acre vacant land parcel presents a remarkable opportunity for commercial development in Akron, Ohio. Located at 1113 S Cleveland-Massillon Road, this property boasts a highly desirable location near Ridgewood Road, offering excellent visibility and accessibility. The land is zoned for Commercial Office/Retail District use, providing flexibility for a variety of commercial ventures. The property features city water and sewer connections, simplifying the development process and reducing infrastructure costs. With a total square footage of 3,600 square feet and a Class B designation, this site is ready for immediate development. The parcel's convenient location and zoning make it ideal for a wide range of commercial uses, from retail establishments to office spaces. Furthermore, its proximity to a larger 50+ acre parcel owned by Copley Township offers potential for synergistic development opportunities. The property's APN is 1500455. This is a rare opportunity to acquire a sizable, well-located commercial land parcel in a thriving Akron market. Contact us today to discuss pricing and explore the possibilities. The property is situated in Summit County, Ohio, with a zip code of 44321.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $684,638
    6.5%
    $631,973
    7%
    $586,832
  • Comparable approach

    Method
    Valuation
    Relative Method
    $336,744
    Geo Method
    $336,744
  • Alternative Use

    Use
    Valuation
    Residential
    $783,647
    Hospitality
    $717,816
    Educational
    $597,215
    Medical
    $617,754
    Retail
    $929,001
1113 Cleveland Massillon Rd, Akron, Ohio

Location Insight

City
Copley
County
Summit
State
Ohio
Latitude
41.1078
Longitude
-81.6437
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
$14,885
$171,130
$35,770
$206,900
-
$488,940
$102,200
$591,140

FAQs

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