380 Glenwood AveAkron, OH 44310

Property Details for 380 Glenwood Ave

Year built

1910

Construction

FRAME

Lot size

0.09 AC

Property size (Sq ft)

4,080 SF

Property type

Retail properties

Property subtype

Retail space

APN

68-42543

APU

6842543

Description

This exceptional investment opportunity presents a thriving pizza restaurant in Akron, Ohio's vibrant North Hill neighborhood. Boasting 4,080 square feet, this turnkey operation has been a local favorite since 1997, offering a diverse menu including pizza, pasta, sandwiches, and more, attracting a loyal customer base. Its prime location near Cuyahoga Falls and with easy access to major highways (Route 8, I-77, and I-76) ensures high visibility and accessibility. The property's strategic location also benefits from proximity to downtown Akron, businesses, and hospitals, further enhancing its appeal. Adding to its profitability, two rental units above the restaurant generate additional income, offsetting operating costs and increasing the overall return on investment. All necessary equipment and furnishings are included, allowing for a seamless transition for a new owner. This well-established business, with its strong community ties and proven success, presents a unique chance for continued growth and expansion. The asking price is $250,000, translating to $61.27 per square foot. The address is 380 E Glenwood Ave, Akron, OH 44310. Please respect the privacy of employees and refrain from disturbing them.

• CAP approach

  CAP return

  Valuation

  6%

  $1,140,606

  6.5%

  $1,052,867

  7%

  $977,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,741

  Geo Method

  $961,741

• Alternative Use

  Use

  Valuation

  Residential

  $888,133

  Hospitality

  $813,525

  Educational

  $676,843

  Medical

  $700,121

  Retail

  $1,052,867

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0969

Longitude

-81.5028

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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