Retail Business Development
For Sale
$735,000
365 East Hines Hill Road, Hudson, OH 44236
Level, highly visible interchange site zoned Retail Business, suited for QSR or automotive uses near major retail anchors.
Property Size5,040 SF
Price / SF$145.83
Days on Market551
Property Features for 365 East Hines Hill Road
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Retail
Building Details
Building Size
5,040 SF
Listing Agency:
Hoff & Leigh
(330) 940-9360
Listed By:
Cole Kroneker · License #SAL.2024000334
(216) 302-4338
Source:
Hoffleigh
Added: May 1, 2025
Changed: Oct 25
Last Checked: Nov 1 at 2:17AM
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 Hoff & Leigh
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Investment Insights
Based on property information with market context.
This offering is a 1.09-acre level commercial site at 365 East Hines Hill Road. The property is positioned for development along SR-8 and benefits from the visibility and approach created by its interchange location.
The site is located right on the Exit 15 interchange on SR-8, between I-271 and I-80. The property has reported high traffic counts of 63,490 VPD on SR-8 and 39,158 VPD on the intersecting segment of I-80. It sits on the north east side of the interchange coming from Hudson, placing it directly before the SR-8 on-ramp.
Zoned Retail Business, the location is described as well-suited for uses such as QSR, auto repair, gas station, car wash, motel/hotel, and restaurants before the on-ramp. The property also notes shared access with the same exit as Arhaus Furniture World HQ, Costco, Steinway Piano Gallery, Wendy’s, and other nearby businesses, which can be helpful for tenant trade area awareness and day-to-day convenience for customers arriving from the interchange.
The site is located right on the Exit 15 interchange on SR-8, between I-271 and I-80. The property has reported high traffic counts of 63,490 VPD on SR-8 and 39,158 VPD on the intersecting segment of I-80. It sits on the north east side of the interchange coming from Hudson, placing it directly before the SR-8 on-ramp.
Zoned Retail Business, the location is described as well-suited for uses such as QSR, auto repair, gas station, car wash, motel/hotel, and restaurants before the on-ramp. The property also notes shared access with the same exit as Arhaus Furniture World HQ, Costco, Steinway Piano Gallery, Wendy’s, and other nearby businesses, which can be helpful for tenant trade area awareness and day-to-day convenience for customers arriving from the interchange.
Key Highlights
- 1.09‑acre level site at the Exit 15 interchange on SR‑8 between I‑271 and I‑80
- Highly visible on SR‑8 with 63,490 VPD
- Zoned Retail Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,970
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,400
$1.2M
Cap Rate 7%
$871,000
$871.0K
Cap Rate 9%
$677,444
$677.4K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$84.1K $16.68/SF
− Vacancy
−$2.8K −$0.55/SF
EGI
$81.3K $16.13/SF
− OpEx
−$20.3K −$4.03/SF
NOI
$61.0K $12.10/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,400
Cap Rate 7%
$871,000
Cap Rate 9%
$677,444
Alternative Uses
Best Use
Specialty Retail
$871.0K
$762.1K – $1.02M
NOI $60,970 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$456.2K
$399.2K – $532.2K
NOI $31,932 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,580 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 73%
Shops & Services 27%
Costco Wholesale
Superstores
121,194 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
45,297 visits/mo
0.4 miles
Demographics for 44236, OH
26,216
Population
9,388
Households
2.8
Avg Household Size
44
Median Age
74%
College-Educated
98%
High-School Grad
32.0 sq mi
ZIP Area
819
Density / Sq Mi
$168,973
Median Household Income
$78,336
Median Earnings
$2,205
Median Rent
$436,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Level, highly visible interchange site zoned Retail Business, suited for QSR or automotive uses near major retail anchors.
Where is this commercial land located?
The property is located at 365 East Hines Hill Road Hudson, OH.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 1.09‑acre level site at the Exit 15 interchange on SR‑8 between I‑271 and I‑80; Highly visible on SR‑8 with 63,490 VPD; Zoned Retail Business
