Corner Retail/Office
For Sale
$499,900
201 N Cleveland Massillon Rd, Akron, OH 44333
Corner-lot retail and office building with ODOT traffic exposure and ample behind-building parking for customers and staff.
Property Size1,652 SF
Lot Size1.00 Acre
Price / SF$302.60
Days on Market130
Property Features for 201 N Cleveland Massillon Rd
General Information
Standard status
Active
Size
1,652 SF
Lot size
1.00 Acre
Building Details
Year Built
1940
Listing Agency:
Keller Williams Legacy Group Realty
Listed By:
Megan Eckstein · License #2023001083
(330) 605-4302
Source:
Groganzeiger
Added: Jun 17
Changed: Oct 4
Last Checked: Oct 7 at 1:59PM
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 Keller Williams Legacy Group Realty
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Investment Insights
Based on property information with market context.
This corner-lot commercial property at 201 N Cleveland Massillon Road offers a flexible retail and office layout in an approximately 1,652-square-foot building. The current zoning supports a range of concepts, including professional office use, boutique retail, service-based businesses, and medical or wellness-related operations. The site also includes an ample parking area located behind the building, balancing convenient access with strong curb presence from the road.
The property’s corner positioning is designed to capture attention from passing traffic, with strong daily traffic counts reported by ODOT along a well-traveled corridor. As a result, signage and branding can remain highly visible throughout the day. Additional site context includes easy access to surrounding retail, dining, and major roadways within the Akron area, including the Montrose/Fairlawn corridor.
For tenants, owner-occupants, or investors seeking a straightforward footprint, the existing building provides an immediate place to operate while the zoning supports multiple categories of retail and office use. The combination of road exposure, on-site parking, and retail/office zoning makes the property a practical option for businesses looking for a visible location with functional site access today.
The property’s corner positioning is designed to capture attention from passing traffic, with strong daily traffic counts reported by ODOT along a well-traveled corridor. As a result, signage and branding can remain highly visible throughout the day. Additional site context includes easy access to surrounding retail, dining, and major roadways within the Akron area, including the Montrose/Fairlawn corridor.
For tenants, owner-occupants, or investors seeking a straightforward footprint, the existing building provides an immediate place to operate while the zoning supports multiple categories of retail and office use. The combination of road exposure, on-site parking, and retail/office zoning makes the property a practical option for businesses looking for a visible location with functional site access today.
Key Highlights
- Corner‑lot commercial property at 201 N Cleveland Massillon Road in Akron on approximately 1 acre
- Highly visible along a well‑traveled corridor with strong daily traffic counts reported by ODOT
- Zoned for retail and office use, offering flexibility for a variety of business types
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,538
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,760
$390.8K
Cap Rate 7%
$279,114
$279.1K
Cap Rate 9%
$217,089
$217.1K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$28.0K $16.92/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$26.1K $15.77/SF
− OpEx
−$6.5K −$3.94/SF
NOI
$19.5K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,760
Cap Rate 7%
$279,114
Cap Rate 9%
$217,089
Alternative Uses
Best Use
Office B
$279.1K
$244.2K – $325.6K
NOI $19,538 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$266.5K
$233.2K – $310.9K
NOI $18,652 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$405.4K
$354.7K – $473.0K
NOI $28,379 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 44333, OH
19,449
Population
8,598
Households
2.3
Avg Household Size
49
Median Age
64%
College-Educated
98%
High-School Grad
28.4 sq mi
ZIP Area
685
Density / Sq Mi
$119,313
Median Household Income
$63,920
Median Earnings
$1,232
Median Rent
$362,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Corner-lot retail and office building with ODOT traffic exposure and ample behind-building parking for customers and staff.
Where is this retail space located?
The property is located at 201 N Cleveland Massillon Rd Akron, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Corner‑lot commercial property at 201 N Cleveland Massillon Road in Akron on approximately 1 acre; Highly visible along a well‑traveled corridor with strong daily traffic counts reported by ODOT; Zoned for retail and office use, offering flexibility for a variety of business types
