Retail Corner Lot with Freestanding
For Sale
Contact for pricing
1755 Akron Peninsula Rd, Cuyahoga Falls, OH 44313
Retail-focused assemblage on a corner lot with frontage on Akron-Peninsula Road and Theiss Road, zoned R-1/E-1.
Property Size5,086 SF
Lot Size4.03 Acres
Price / SF$117.97
Days on Market25
Property Features for 1755 Akron Peninsula Rd
General Information
Standard status
Active
Size
5,086 SF
Lot size
4.03 Acres
Property subtype
RETAIL
Zoning
R-1 / E-1
Site & Location
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
3
Construction
masonry
Listing Agency:
eXp Commercial - OH
(234) 207-0770
Listed By:
Simon Bast, MiCP · License ##2024005863
(234) 207-0770
Source:
Moodyscre
Added: Jul 7
Changed: Jul 30
Last Checked: Jul 30 at 3:24AM
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 eXp Commercial - OH
Investment Insights
Based on property information with market context.
1755 Akron-Peninsula Road is a retail-focused commercial assemblage on a corner lot totaling ±4.03 acres, with frontage along both Akron-Peninsula Road and Theiss Road. The property includes a freestanding masonry building of approximately 5,000 SF built circa 1961, currently occupied by Quality Carpet & Flooring.
Additional improvements include a separate detached dwelling of approximately 1,738 SF with a two-bedroom layout and a full basement, along with a detached three-car garage. An adjacent ±1.23-acre vacant commercial lot is also part of the offering.
Zoned R-1 / E-1, the property has all utilities available, supporting retail, showroom, office, service, owner-user, or investment uses, with flexibility for expansion across the assemblage and the adjacent vacant parcel.
Additional improvements include a separate detached dwelling of approximately 1,738 SF with a two-bedroom layout and a full basement, along with a detached three-car garage. An adjacent ±1.23-acre vacant commercial lot is also part of the offering.
Zoned R-1 / E-1, the property has all utilities available, supporting retail, showroom, office, service, owner-user, or investment uses, with flexibility for expansion across the assemblage and the adjacent vacant parcel.
Key Highlights
- ±4.03‑acre commercial assemblage with corner‑lot frontage on Akron‑Peninsula Road and Theiss Road
- Approximately 5,000 SF freestanding masonry building built c. 1961, currently occupied by Quality Carpet & Flooring
- Detached dwelling approximately 1,738 SF with two bedrooms and a full basement
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 | $47.6k | $9.36 |
| − Vacancy | −$1.6k | −$0.31 |
| EGI | $46.0k | $9.05 |
| − OpEx | −$13.8k | −$2.72 |
| NOI | $32.2k | $6.34 |
5,086 SF · lease $9.36/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$460.3K
$402.8K – $537.1K
NOI $32,224 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,370 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
McDonald's
Dining
13,381 visits/mo
0.4 miles
BP
Shops & Services
11,949 visits/mo
0.4 miles
Dollar General
Shops & Services
8,081 visits/mo
0.4 miles
SUBWAY
Dining
1,936 visits/mo
0.1 miles
Demographics for 44313, OH
25,678
Population
14,054
Households
1.8
Avg Household Size
41
Median Age
50%
College-Educated
97%
High-School Grad
13.5 sq mi
ZIP Area
1,902
Density / Sq Mi
$76,404
Median Household Income
$46,882
Median Earnings
$1,041
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail-focused assemblage on a corner lot with frontage on Akron-Peninsula Road and Theiss Road, zoned R-1/E-1.
Where is this retail space located?
The property is located at 1755 Akron Peninsula Rd Cuyahoga Falls, OH.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: ±4.03‑acre commercial assemblage with corner‑lot frontage on Akron‑Peninsula Road and Theiss Road; Approximately 5,000 SF freestanding masonry building built c. 1961, currently occupied by Quality Carpet & Flooring; Detached dwelling approximately 1,738 SF with two bedrooms and a full basement
