2751 Old Home RdAkron, OH 44312

Property Details for 2751 Old Home Rd

Year built

2000

Construction

FRAME

Lot size

0.55 AC

Property size (Sq ft)

3,910 SF

Property type

Retail properties

Property subtype

Retail space

APN

51-10144

APU

5110144

Description

This exceptional two-story, 3,900 square foot executive office building at 2751 Old Home Rd, Akron, OH 44312 presents a compelling investment opportunity for both owner-users and investors. Built in 2000, this Class B property sits on a 0.55-acre lot and features four units with a current 65% occupancy rate. The asking price is $359,000, offering a strong 10% capitalization rate. The building boasts central air conditioning and forced-air gas heating. The roof is constructed of asphalt and fiberglass. Utilities include public sewer and private water. Conveniently located near the intersection of SR 91 and SR 224, this multi-tenant property offers excellent accessibility. The property's features include a modified lease type and is suitable for a variety of office or retail uses. The building has no basement. The property's APN is 5110144. This is a rare opportunity to acquire a well-maintained commercial property in a desirable Akron location with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,081

  6.5%

  $1,008,998

  7%

  $936,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $921,668

  Geo Method

  $921,668

• Alternative Use

  Use

  Valuation

  Residential

  $851,128

  Hospitality

  $779,628

  Educational

  $648,642

  Medical

  $670,949

  Retail

  $1,008,998

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0329

Longitude

-81.4275

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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