571 Turkeyfoot Lake RdAkron, OH 44319

Property Details for 571 Turkeyfoot Lake Rd

Year built

1998

Lot size

2.43 AC

Property size (Sq ft)

8,608 SF

Property type

Office properties

Property subtype

Office buildings

APN

28-16515

APU

2816515

Description

This well-maintained, two-story office building at 571 East Turkeyfoot Lake Road, Akron, OH 44319, offers flexible space options. The building, constructed in 1998, totals 8,608 square feet and sits on a 2.4-acre lot. Currently, 1,344 square feet of vacant space is available, divisible into units as small as 144 square feet, with a maximum contiguous space of 1,200 square feet. The zoning is B1. The property features two available suites. One suite offers 1,200 square feet, encompassing three private offices, a conference room, and an administrative desk area. Tenants in this suite are responsible for gas, electric, and internet services. Prominent signage opportunities exist on both the building and a monument sign. A second option provides a single office with access to shared amenities including a conference room, waiting area, and kitchen. All utilities and internet are included in this option. The building's APN is 28-16515. This is an excellent opportunity for businesses seeking flexible and conveniently located office space in Akron.

• CAP approach

  CAP return

  Valuation

  6%

  $1,637,045

  6.5%

  $1,511,118

  7%

  $1,403,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $805,192

  Geo Method

  $805,192

• Alternative Use

  Use

  Valuation

  Residential

  $1,873,787

  Hospitality

  $1,716,378

  Educational

  $1,428,007

  Medical

  $1,477,118

  Retail

  $2,221,344

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

40.9759

Longitude

-81.5022

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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