3758 Manchester RdAkron, OH 44319

Property Details for 3758 Manchester Rd

Year built

1977

Construction

FRAME

Lot size

0.78 AC

Property size (Sq ft)

5,280 SF

Property type

Retail properties

Property subtype

Retail space

APN

19-02446

APU

1902446

Description

This exceptional mixed-use property, located at 3758 Manchester Road in Akron, Ohio, presents a compelling investment opportunity. The 15,080-square-foot facility is situated on a 1.55-acre lot in the heart of Coventry Township, at a major intersection with high traffic volume. The property comprises two buildings: a 5,280-square-foot retail/showroom space and a 9,800-square-foot warehouse. Key features include multiple drive-in doors, high ceilings, and a prime location offering excellent visibility and accessibility. Both buildings boast recently replaced roofs and are in well-maintained condition, making them ideal for their current use or future redevelopment. The property's central location provides easy access to the Portage Lakes area, further enhancing its appeal. This property is priced at $849,000, representing a price per square foot of $56.30. This is a rare opportunity to acquire a versatile commercial property with significant potential for growth and return on investment in a thriving Akron location. The property's size, location, and existing infrastructure make it suitable for a variety of businesses, from sales and service operations to retail and commercial redevelopment projects. The combination of showroom and warehouse space offers flexibility for diverse business needs. This is an excellent opportunity for investors seeking a strong foothold in the Akron commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,476,079

  6.5%

  $1,362,534

  7%

  $1,265,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,244,606

  Geo Method

  $1,244,606

• Alternative Use

  Use

  Valuation

  Residential

  $1,149,349

  Hospitality

  $1,052,797

  Educational

  $875,915

  Medical

  $906,039

  Retail

  $1,362,534

Location Insight

City

Coventry Township

County

Summit

State

Ohio

Latitude

40.9977

Longitude

-81.5578

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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