1600 Turkeyfoot Lake RdAkron, OH 44312

Property Details for 1600 Turkeyfoot Lake Rd

Lot size

0.69 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

28-02588

APU

2802588

Description

This single-story, 8,262-square-foot medical office building, constructed in 1969, is situated at 1600 East Turkeyfoot Lake Road in Akron, Ohio, zip code 44312. Currently, 5,775 square feet of space is available for lease, with occupancy anticipated in June 2025. The property features a prominent façade and monument signage opportunities, ensuring excellent visibility. The building boasts ample parking with over 70 spaces and offers convenient direct access to the available space via two entrances. Interior improvements include a spacious waiting/reception area, two consultation rooms, thirteen exam rooms (some combined into larger exam lanes) equipped with sinks, three private offices, and substantial supply/storage space—recently configured for optometry use. This prime location in Green, Ohio offers easy access to major highways, including I-77 (less than a mile away), and is surrounded by a thriving mix of retail, restaurants, hospitality businesses, and residential areas. The area is experiencing significant growth, with numerous new developments and infrastructure improvements underway, including the Massillon Road Traffic Project, Community Courts Project, new Green Middle School and Elementary School, and various residential projects. This presents a unique opportunity for medical practices seeking a well-equipped space in a rapidly developing and highly accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,390,446

  6.5%

  $7,745,027

  7%

  $7,191,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,074,688

  Geo Method

  $7,074,688

• Alternative Use

  Use

  Valuation

  Residential

  $6,533,220

  Hospitality

  $5,984,394

  Educational

  $4,978,946

  Medical

  $5,150,180

  Retail

  $7,745,027

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

40.9733

Longitude

-81.4668

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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