3209 Manchester RdAkron, OH 44319

Property Details for 3209 Manchester Rd

Year built

1990

Lot size

20.93 AC

Property size (Sq ft)

164,771 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

19-09614

APU

1909614

Description

Portage Lakes Plaza presents a unique opportunity to acquire a 4.3-acre commercial land parcel in Akron, Ohio. Located at 3209 Manchester Rd in Coventry Township (zip code 44319), this property boasts a prime location with excellent visibility and accessibility. Built in 1990 and zoned B-3, the land is situated near the I-76 exit, offering convenient access for customers and employees. The property features ample parking and convenient curb cuts, making it an attractive location for a variety of businesses. The site is currently improved with a grocery-anchored shopping center, showcasing a diverse tenant mix that includes grocery, hardware, retail, service, medical, and restaurant establishments. The property's APN is 1910262, and it is located in Summit County. This is a single-tenant property with no existing building suites. The property's strategic location and existing infrastructure make it an ideal investment for developers or businesses seeking a high-traffic location in a thriving commercial area. The significant lot size offers considerable potential for future development or expansion. This is a rare opportunity to acquire a well-positioned commercial land parcel in a desirable Akron location.

• CAP approach

  CAP return

  Valuation

  6%

  $46,063,444

  6.5%

  $42,520,100

  7%

  $39,482,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $38,839,952

  Geo Method

  $38,839,952

• Alternative Use

  Use

  Valuation

  Residential

  $35,867,296

  Hospitality

  $32,854,250

  Educational

  $27,334,352

  Medical

  $28,274,422

  Retail

  $42,520,100

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0128

Longitude

-81.5516

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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