3469 Fortuna DrAkron, OH 44312

Property Details for 3469 Fortuna Dr

Year built

1995

Construction

FRAME

Lot size

1.96 AC

Property size (Sq ft)

7,536 SF

Property type

Office properties

Property subtype

Office buildings

APN

28-10059

APU

2810059

Description

This exceptional 7,536 square foot traditional office building in Akron, Ohio, presents a rare investment opportunity. Built in 1995, this property sits on a 1.96-acre lot and offers a versatile layout ideal for a variety of uses. The main level boasts 10 offices, a waiting lobby, and ample restrooms. The lower level, accessible via a separate rear entrance, includes 9 offices, a conference room, and a kitchenette. Both levels are ADA accessible. Features include a secure, HIPAA-compliant back office area, multiple private offices, a fire suppressant record room, and a kitchenette/open training area. The building is currently configured to allow for a leaseback option, with the possibility of leasing either half (3,768 SF) or the entire building. Competitive lease rates are available. Annual real estate taxes are $9,946.50. Conveniently located near banking, restaurants, retail, and a home improvement center, this property is also just 6.6 miles from Akron-Canton Airport and 1.2 miles from Interstate 77. This is a prime opportunity to acquire a well-maintained, functional office space in a desirable Akron location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,433,175

  6.5%

  $1,322,931

  7%

  $1,228,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $704,917

  Geo Method

  $704,917

• Alternative Use

  Use

  Valuation

  Residential

  $1,640,434

  Hospitality

  $1,502,629

  Educational

  $1,250,170

  Medical

  $1,293,165

  Retail

  $1,944,708

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

40.9768

Longitude

-81.4876

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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