145 Ghent RdFairlawn, OH 44333

Property Details for 145 Ghent Rd

Year built

1981

Lot size

0.26 AC

Property size (Sq ft)

2,402 SF

Property type

Banks

APN

09-02570

APU

902570

Description

This exceptional 2,556-square-foot retail or restaurant space is ideally situated at 145 Ghent Road in Fairlawn, Ohio, 44333, across from Dillards at Summit Mall. The single-tenant building, renovated in 2014, boasts a brick exterior and is surrounded by high-end retail and office spaces. The property features a spacious lobby and teller area, perfect for customer interaction, along with a dedicated office/cubicle area, two private offices, and ample storage. Additional amenities include a walk-in safe with safe deposit boxes, restrooms, a mop room, a kitchen/break room, and a utility room. The building's previous use as a Key Bank branch provides a significant advantage, including two covered drive-thru lanes (plus an exit lane) and extensive parking. The existing layout offers considerable flexibility, making it easily adaptable for a quick-service restaurant (QSR) with ample stacking room. This property presents a rare opportunity to acquire a well-maintained, conveniently located commercial space in a thriving Ohio market. The property's address is 145 Ghent Rd, Fairlawn, OH 44333, and it is conveniently located near Sand Run Parkway.

• CAP approach

  CAP return

  Valuation

  6%

  $536,690

  6.5%

  $495,407

  7%

  $460,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,670

  Geo Method

  $233,670

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $981,675

  Mixed-Use / Specialty

  $487,343

  Hospitality / Lodging

  $349,349

  Office

  $477,889

  Institutional / Educational

  $504,390

  Residential Income

  $590,136

  Multifamily

  $742,688

  Automotive / Energy

  $432,334

  Parking / Income-Based Land

  $155,415

  Restaurant / Food Service

  $240,031

  Healthcare / Senior Housing

  $506,219

Location Insight

City

Fairlawn

County

Summit

State

Ohio

Latitude

41.134

Longitude

-81.6141

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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