2420 Wedgewood DrAkron, OH 44312

Property Details for 2420 Wedgewood Dr

Year built

1970

Lot size

17.99 AC

Property size (Sq ft)

209,280 SF

Property type

Community centers

APN

68-60657

APU

6860657

Description

Ellet Acme Plaza, a vibrant shopping center in Akron's Ellet neighborhood, offers exceptional retail opportunities. This 2.5-acre property is anchored by a thriving Acme Fresh Market and Ace Hardware, ensuring high foot traffic and strong community presence. Currently, there are two available spaces, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 7,376 square feet. A total of 3,091 square feet is currently vacant, providing flexibility for various retail concepts. The center boasts a diverse tenant mix of retail, service, and convenience-oriented businesses, catering to the densely populated and stable Ellet community. Its prime location offers excellent visibility and convenient access, making it an ideal destination for shoppers. The property's strategic positioning within a busy grocery-anchored center guarantees a steady stream of potential customers. This presents a unique chance to establish or expand a business in a thriving, well-established commercial area. The available space is perfect for businesses seeking high visibility and a strong local customer base. Consider this opportunity to become part of a successful and well-regarded shopping center in a desirable Akron neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $58,506,396

  6.5%

  $54,005,904

  7%

  $50,148,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,331,648

  Geo Method

  $49,331,648

• Alternative Use

  Use

  Valuation

  Residential

  $45,556,000

  Hospitality

  $41,729,052

  Educational

  $34,718,080

  Medical

  $35,912,088

  Retail

  $54,005,904

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0481

Longitude

-81.4424

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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