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    2500 Oh-59 Ravenna, OH 44266

    Sponsored
    For Lease
    $14 SF/Yr

    Prime Akron Retail Center, 12 Suites

    Lot size:
    44,050 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    Meadowview Square, a Class B, single-story shopping center totaling 44,050 square feet, presents a compelling investment opportunity in Akron's thriving retail market. Built in 2007, this property sits on 5.098 acres and boasts 172 parking spaces, ensuring ample convenience for shoppers and tenants. The center currently features 12 suites, with 4,480 square feet of vacant space available, divisible into units ranging from 2,080 to 2,400 contiguous square feet. Its strategic location, shadow-anchored by a Walmart and complemented by strong co-tenancy with Dollar Tree and Anytime Fitness, guarantees high visibility and foot traffic. The property benefits from its proximity to a 180-unit apartment complex and the significant student population of Kent State University, just a short distance away. The property is zoned commercial and located in Portage County, within the Cleveland-Akron-Canton submarket cluster. Annual property taxes are $2.31 per square foot. This well-maintained center offers a unique chance to capitalize on a vibrant retail environment with excellent growth potential. The property's strong tenant mix and strategic location make it an ideal investment for both seasoned and emerging investors seeking a stable and profitable retail asset.

    Property Features for 2500 Oh-59

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,050 SF
    Class
    B
    Total Rate
    51391.67

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,080 SF
    Rate per SF
    $14
    Space
    Available Space 2
    Size
    2,400 SF
    Rate per SF
    $14

    HighLights

    • 44,050 SF retail shopping center on 5.098 acres.
    • 12 suites totaling 44,050 square feet, with 4,480 square feet currently vacant.
    • Spaces available ranging from 2,080 to 2,400 contiguous square feet.
    • Shadow‑anchored by Walmart, with strong co‑tenancy including Dollar Tree and Anytime Fitness.
    • Located near Kent State University and a 180‑unit apartment complex.
    • Class B building constructed in 2007, featuring 172 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Ravenna
    County
    Portage
    State
    Ohio
    Longitude
    -81.303079514919
    Latitude
    41.15660659074

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Akron Retail Center, 12 Suites
    Where is this lifestyle center located?
    The property is located at 2500 Oh-59 Ravenna, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 44,050 SF retail shopping center on 5.098 acres.; 12 suites totaling 44,050 square feet, with 4,480 square feet currently vacant.; Spaces available ranging from 2,080 to 2,400 contiguous square feet.
    Request Owner's contact information
    2500 Oh-59 Ravenna, OH 44266
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    Ravenna, OH 44266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2500 Oh-59 Ravenna, OH 44266
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