1653 Merriman RdAkron, OH 44313
- Office properties
- 85,116 SF
Property Details for 1653 Merriman Rd
- Year built
- 1919
- Construction
- FRAME
- Lot size
- 1.05 AC
- Property size (Sq ft)
- 85,116 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 68-22348
- APU
- 6822348
Description
This exceptional Akron office property, the Riverparke Building, offers a variety of suite options to suit your business needs. Located at 1653 Merriman Rd, Akron, OH 44313, this 3,103 square foot building sits on a 1.13-acre lot and is zoned U-3 Retail Business. Currently, all 3,103 square feet are vacant and available for lease. Four suites are available, ranging from 525 to 1,328 contiguous square feet. Suite 101, a 977 square foot first-floor suite, is located at the building's front entrance and features several offices. Suite 207, a 703 square foot second-floor suite, offers an open area and two private offices. Two additional lower-level suites are undergoing renovations and will be ready for occupancy soon. One lower-level suite measures 1,032 square feet, and the other (LL3) is 1,250 square feet
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $16,187,117
- 6.5%
- $14,941,954
- 7%
- $13,874,671
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,961,750
- Geo Method
- $7,961,750
-
Alternative Use
- Use
- Valuation
- Residential
- $18,528,022
- Hospitality
- $16,971,570
- Educational
- $14,120,146
- Medical
- $14,605,760
- Retail
- $21,964,672
Location Insight
- City
- Akron
- County
- Summit
- State
- Ohio
- Latitude
- 41.1339
- Longitude
- -81.5489
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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