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498-552 Canton Rd Akron, OH 44312

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For Sale
$6,998,000

Akron, OH shopping center with significant upside potential.

Lot size:
12.68 Acres

Property Features for 498-552 Canton Rd

General Information

Lot size
12.68 Acres

Source: Goodman Real Estate Agent Kyle Hartung

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Grocery Anchored Shopping Center

Eastgate Ellet Plaza is a grocery-anchored shopping center serving the Ellet, Mogadore, and Lakemore neighborhoods in Akron, Ohio. The property is offered for sale for only the second time in 41 years. The property is 69% occupied and is being offered at an 8% cap rate on in-place income. The property features a mix of tenants including grocery, restaurants, nail salon, and cellular services. Vacancies range in space sizes from 1,200 to 4,200 square feet for retail and 160 to 440 square feet for office space. Eastgate Ellet Plaza is located one mile south of Interstate 76 and southeast of downtown Akron. It is the primary neighborhood shopping center and is shadow anchored by a regional ACME grocery store. The property is surrounded by other retail, municipal services, and residential areas. Nearby amenities include Hyre Middle School, Mogadore High School, Ellet Community Center, and Ritzman Elementary School.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Eastgate Ellet Plaza

Location Insight

  • Map
  • Local Demand
City
Akron
County
Summit
State
Ohio
Longitude
-81.4385118
Latitude
41.0490034

FAQs

What type of property is this?
Shopping center - Akron, OH shopping center with significant upside potential.
Where is this shopping center located?
The property is located at 498-552 Canton Rd Akron, OH.
What is the asking price?
The asking price for this property is $6,998,000.
What are key features of this property?
This property features: - Grocery-anchored shopping center serving densely populated neighborhoods.; - Significant upside potential due to 69% occupancy and attractive 8% cap rate.; - Diverse mix of daily needs, internet-resistant tenants.
More about this property
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