Renovated Retail Building with
2108 sr 59 Kent, OH 44240
For Sale
Contact for pricing
Renovated retail building on 5.08 acres with 7,765 SF and 90 paved parking spaces.
Property Size7,765 SF
Lot Size5.08 Acres
Price / SF$122.34
Days on Market660
Property Features for 2108 sr 59
General Information
Standard status
Active
Size
7,765 SF
Lot size
5.08 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Akron
(330) 472-8970
Listed By:
David Comernisky
(330) 472-8970
Source:
Moodyscre
Added: Oct 8, 2024
Changed: Jul 28
Last Checked: Jul 28 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Akron
Investment Insights
Based on property information with market context.
A renovated retail building totaling 7,765 SF on 5.08 acres, built in 1975 and updated in 2011. The property includes large pole signage and is laid out to support straightforward retail operations.
Located at 2108 SR 59 in Kent, OH 44240, the site is positioned for strong visibility and convenient access. Parking includes 90 paved spaces, supporting both customer and employee use.
Zoned for commercial C-1 and I-1, the property’s configuration and land area may accommodate a range of retail-oriented uses consistent with the provided zoning.
Located at 2108 SR 59 in Kent, OH 44240, the site is positioned for strong visibility and convenient access. Parking includes 90 paved spaces, supporting both customer and employee use.
Zoned for commercial C-1 and I-1, the property’s configuration and land area may accommodate a range of retail-oriented uses consistent with the provided zoning.
Key Highlights
- 5.08‑acre site with a renovated retail building totaling 7,765 SF
- Built in 1975 and renovated in 2011
- Zoned commercial C‑1 & I‑1
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.7k | $5.88 |
| − Vacancy | −$1.9k | −$0.25 |
| EGI | $43.7k | $5.63 |
| − OpEx | −$13.1k | −$1.69 |
| NOI | $30.6k | $3.94 |
7,765 SF · lease $5.88/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$437.4K
$382.7K – $510.3K
NOI $30,618 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,485 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Renovated retail building on 5.08 acres with 7,765 SF and 90 paved parking spaces.
Where is this retail space located?
The property is located at 2108 sr 59 Kent, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5.08‑acre site with a renovated retail building totaling 7,765 SF; Built in 1975 and renovated in 2011; Zoned commercial C‑1 & I‑1
