1621 Frederick BlvdAkron, OH 44320

Property Details for 1621 Frederick Blvd

Year built

1970

Lot size

0.77 AC

Property size (Sq ft)

8,064 SF

Property type

Office properties

Property subtype

Office buildings

APN

67-62899

APU

6762899

Description

This exceptional 7,939-square-foot retail building is located at 1621 Frederick Boulevard in Akron, Ohio, zip code 44320, within Summit County. The property is currently vacant and offers a single-tenant occupancy opportunity. The building's total square footage is 7,939 square feet, providing ample space for a variety of retail businesses. Its strategic location in Akron offers excellent visibility and access to a high volume of traffic, making it an ideal location for businesses seeking strong foot traffic and brand exposure. The property is classified as a commercial retail space and presents a unique chance for a business to establish a significant presence in a thriving Akron market. The address is easily accessible, offering convenient access for both customers and employees. This property is a blank canvas, ready for a new tenant to customize and develop to their specific business needs. The entire building is available for lease, presenting a rare opportunity to secure a substantial retail space in a desirable Akron location. Interested parties are encouraged to inquire further to explore the possibilities this property offers. The property's location provides easy access to major transportation routes, ensuring convenient access for customers and employees alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,533,588

  6.5%

  $1,415,620

  7%

  $1,314,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,307

  Geo Method

  $754,307

• Alternative Use

  Use

  Valuation

  Residential

  $1,755,369

  Hospitality

  $1,607,908

  Educational

  $1,337,761

  Medical

  $1,383,769

  Retail

  $2,080,962

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0653

Longitude

-81.571

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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