498-552 Canton Rd, Akron, OH

Listing agent Kyle Hartung License #SAL.2003016343

Listing office Goodman Real Estate Show Phone

Listing date Aug 5, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Similar Places Nearby

• Eastgate Ellet Plaza — 552 Canton Rd, Akron, OH 44312

Location Insight

• Map
• Local Demand

City

Akron

County

Summit

State

Ohio

Longitude

-81.4385

Latitude

41.049

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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.