1653 Merriman RdAkron, OH 44313

  • Office properties
  • 85,116 SF
For Lease
$12/SF/YR View listing

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
1653 Merriman Rd, Akron, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,597
$36,630
$589,990
$626,620
-
$104,660
$1,685,690
$1,790,350

FAQs

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