61 Waterloo RdAkron, OH 44319

Property Details for 61 Waterloo Rd

Year built

1971

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

2,053 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

67-47068

APU

6747068

Description

This exceptional 2,053 square foot commercial property presents a unique investment opportunity in a high-growth area of Akron, Ohio. Situated on a 0.57-acre lot at 61 E Waterloo Road, this property boasts a prime location near a busy intersection and the expressway, ensuring high visibility and accessibility. Its proximity to S. Main St. further enhances its strategic advantage. The property features convenient off-street parking, a significant benefit for both employees and customers. The existing structure offers substantial potential for redevelopment and expansion, capitalizing on the considerable "new synergy" in the surrounding area. This translates to a strong potential for increased property value and rental income. The property's size and location make it suitable for a variety of commercial uses, presenting a compelling opportunity for investors seeking a high-return investment in a thriving Akron market. The asking price of $250,000 reflects the significant potential of this property and its strategic location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $573,937

  6.5%

  $529,788

  7%

  $491,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $483,935

  Geo Method

  $483,935

• Alternative Use

  Use

  Valuation

  Residential

  $446,896

  Hospitality

  $409,355

  Educational

  $340,578

  Medical

  $352,291

  Retail

  $529,788

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.029

Longitude

-81.5248

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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