801 Wolf Ledges PkwyAkron, OH 44311

Property Details for 801 Wolf Ledges Pkwy

Year built

1990

Construction

FRAME

Lot size

0.47 AC

Property size (Sq ft)

1,752 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

68-55596

APU

6855596

Description

This exceptional commercial property, located at 801 Wolf Ledges Parkway in Akron, Ohio, presents a unique investment opportunity. The 0.4494-acre lot is zoned U-4 Commercial, providing flexibility for various uses. Its strategic location boasts high visibility and significant traffic volume, with 7,158 vehicles passing daily on nearby East South Street. Priced at $175,000, this property offers substantial potential for a thriving restaurant business or similar commercial venture. The address is easily accessible and situated within Summit County, Ohio, zip code 44311. The property's size and zoning make it ideal for a variety of commercial uses, capitalizing on the high traffic count and excellent visibility. This is a rare opportunity to acquire a well-positioned commercial lot in a desirable Akron location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for immediate development or redevelopment, presenting a strong return on investment for the right buyer. The location's high traffic volume ensures significant exposure for any business operating from this address.

• CAP approach

  CAP return

  Valuation

  6%

  $489,790

  6.5%

  $452,114

  7%

  $419,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $412,983

  Geo Method

  $412,983

• Alternative Use

  Use

  Valuation

  Residential

  $381,375

  Hospitality

  $349,337

  Educational

  $290,644

  Medical

  $300,640

  Retail

  $452,114

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.062

Longitude

-81.5188

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].