1351 Cleveland Massillon RdAkron, OH 44321

  • Other commercial real estate
  • 864 SF
For Lease

Property Details for 1351 Cleveland Massillon Rd

Year built
1968
Lot size
3.33 AC
Property size (Sq ft)
864 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
15-03771
APU
1503771

Description

This brand-new, Class A commercial property in Akron, Ohio, offers 14,500 square feet of versatile space ideal for distribution, retail, office, or flex uses. Located at 1351 S Cleveland Massillon Rd, Akron, OH 44321, this single-story building features twelve individual suites, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,370 square feet. Currently, multiple tenancies are available. Each unit is equipped with a private restroom, individual gas and electric meters, and convenient overhead doors. The building's strategic location provides quick and easy access to major transportation arteries, including Route 21, Route 18, and I-77, ensuring efficient logistics and convenient commutes. Built in 2024, this property is ready for immediate occupancy, offering a modern and efficient workspace for a variety of businesses. The property is classified as Class A, reflecting its high-quality construction and amenities. This is an exceptional opportunity to secure prime commercial space in a thriving Akron location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $241,540
    6.5%
    $222,960
    7%
    $207,034
  • Comparable approach

    Method
    Valuation
    Relative Method
    $203,663
    Geo Method
    $203,663
  • Alternative Use

    Use
    Valuation
    Residential
    $188,075
    Hospitality
    $172,276
    Educational
    $143,332
    Medical
    $148,261
    Retail
    $222,960
1351 Cleveland Massillon Rd, Akron, Ohio

Location Insight

City
Copley
County
Summit
State
Ohio
Latitude
41.1011
Longitude
-81.6431
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
$27,112
$202,800
$174,060
$376,860
-
$579,420
$497,320
$1,076,740

FAQs

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