1653 Merriman RdAkron, OH 44313

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 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

• 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

FAQs

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