926 Waterloo RdAkron, OH 44306

Property Details for 926 Waterloo Rd

Lot size

0.21 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

68-14160

APU

6814160

Description

This exceptional freestanding restaurant building presents a unique investment opportunity. Situated on the south side of Waterloo Road, just east of the freeway and conveniently adjacent to a McDonald's, this property boasts high visibility and excellent accessibility. The building itself offers 2,280 square feet of well-maintained space, ideal for a variety of culinary concepts. The expansive 1.73-acre lot provides ample parking and potential for future expansion or outdoor seating. Its prime location ensures significant foot traffic and drive-by visibility, making it an attractive proposition for established restaurant businesses or ambitious entrepreneurs seeking a high-impact location. The single-tenant occupancy offers streamlined management and control. This property is ready for immediate occupancy and presents a compelling opportunity to capitalize on a thriving commercial area. The strategic positioning near the freeway ensures easy access for customers from a wide geographical area. The adjacency to a well-known national chain further enhances the property's appeal and visibility. This is a rare chance to acquire a well-located, established restaurant building with significant potential for growth and return on investment. The substantial land area offers flexibility for future development or expansion, catering to the evolving needs of a growing business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,520,796

  6.5%

  $2,326,888

  7%

  $2,160,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,125,494

  Geo Method

  $2,125,494

• Alternative Use

  Use

  Valuation

  Residential

  $1,962,818

  Hospitality

  $1,797,930

  Educational

  $1,495,857

  Medical

  $1,547,302

  Retail

  $2,326,888

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0293

Longitude

-81.4938

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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