145 Montrose AveAkron, OH 44321

Property Details for 145 Montrose Ave

Year built

1994

Lot size

2.57 AC

Property size (Sq ft)

7,772 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

17-00461

APU

1700461

Description

This exceptional 7,782 square foot freestanding restaurant building, situated on a 2.57-acre lot, presents a unique investment opportunity in Akron, Ohio. The property boasts prime highway visibility and signage along I-77, experiencing over 79,174 vehicles per day, according to ODOT TIMS data. The building is fully built-out, retaining all existing kitchen equipment, offering immediate operational potential. Its location within a thriving retail corridor provides unparalleled access to a dense consumer base. Nearby establishments include Acme Fresh Market, Home Depot, numerous national retailers, and fast-food chains. The property benefits from its proximity to multiple hotels, such as Comfort Inn and Extended Stay America, and numerous apartment complexes, including Highlands of Heritage Woods and Redwood Copley. This strategic location is further enhanced by an average household income exceeding $152,787 within a 3-mile radius. The property is available for sale or lease under a NNN lease structure. The property is vacant and ready for immediate occupancy. This versatile property is classified as Hospitality, Land, Mixed Use, Retail, and Special Purpose, and is suitable for a variety of uses. The property is located at 145 Montrose W Ave, Akron, OH 44321, in Summit County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,172,743

  6.5%

  $2,005,609

  7%

  $1,862,351

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,832,022

  Geo Method

  $1,832,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,691,806

  Hospitality

  $1,549,686

  Educational

  $1,289,320

  Medical

  $1,333,662

  Retail

  $2,005,609

Location Insight

City

Copley

County

Summit

State

Ohio

Latitude

41.1311

Longitude

-81.6528

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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