3333 Manchester RdPortage Lakes, OH 44319

Property Details for 3333 Manchester Rd

Year built

2015

Lot size

0.59 AC

Property size (Sq ft)

2,064 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

19-10526

APU

1910526

Description

Coventry Towne Plaza, located at 3333 Manchester Rd, Akron, OH 44319, offers exceptional medical office space in the thriving Portage Lakes submarket of Coventry Township, Summit County. This two-building, 104,824 square foot retail, office, and restaurant center underwent renovations in 2018 and sits on 10.8 acres of land. The property features a total of 22 suites, with two available spaces totaling 5,980 square feet of vacant space. Individual spaces range from a minimum of 7,400 square feet to a maximum contiguous space of 15,200 square feet, offering flexibility for various medical practices. The property boasts excellent visibility and accessibility, situated on Manchester Road (SR93) south of SR 224, with a high daily traffic volume of 25,000 vehicles. Ample parking, signalized access, and a large roadside pylon sign enhance visibility and convenience. Coventry Towne Plaza is a grocery-anchored center, strategically positioned to serve the communities of Coventry Township, New Franklin, East Barberton, and West Green in Southwest Akron and Southwest Summit County. The property is conveniently located near established businesses such as Harbor Freight Tools, Save-a-Lot, and Dollar General. An outparcel is also available for lease or build-to-suit opportunities. Built in 1959, this single-story complex offers a prime location for medical professionals seeking a well-established and highly visible presence in a busy retail center. The property is easily accessible from Robinson Ave.

• CAP approach

  CAP return

  Valuation

  6%

  $577,013

  6.5%

  $532,627

  7%

  $494,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,528

  Geo Method

  $486,528

• Alternative Use

  Use

  Valuation

  Residential

  $449,291

  Hospitality

  $411,548

  Educational

  $342,403

  Medical

  $354,179

  Retail

  $532,627

Location Insight

City

Coventry Township

County

Summit

State

Ohio

Latitude

41.0089

Longitude

-81.5548

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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