1113 Cleveland Massillon RdAkron, OH 44321

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 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.

• 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

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

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