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    3553 Waterloo Rd Akron, OH 44312

    Sponsored
    For Sale
    $702,800

    Prime Akron industrial land, 20 acres, I-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 20.08-acre commercial land parcel presents a unique investment opportunity in Akron, Ohio. Located at 3553 E Waterloo Rd, in Summit County, this property boasts significant frontage of approximately 946.5 feet and a depth of approximately 1,100 feet. The land is zoned I-1 Springfield Township and comprises four parcels with APN numbers 5106859, 5106860, 5107885, and 5107853. Previously used as a trucking salvage and dismantling yard, the environmental condition is unknown and requires due diligence. The asking price is $702,800, translating to $35,000 per acre. Annual real estate taxes are $9,700. This substantial acreage offers considerable potential for various industrial uses, given its size, location, and zoning. Detailed site plans and further information are available upon request. The property's zip code is 44312. Serious inquiries only.

    Property Features for 3553 Waterloo Rd

    General Information

    Property type
    Land
    Lot Size
    874,685 SF

    HighLights

    • 20+ acres of industrial land in Akron's Springfield Township, on E Waterloo Road.
    • Former trucking salvage and dismantling yard; environmental due diligence recommended.
    • Four parcels totaling approximately 20.08 acres.
    • Approximately 946.5 feet of frontage and 1,100 feet of depth.
    • Annual real estate taxes: $9,700.
    • Summit County Parcel Numbers: 5106859, 5106860, 5107885, 5107853.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.4036645
    Latitude
    41.0274958

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    FAQs

    What type of property is this?
    Land - Prime Akron industrial land, 20 acres, I-1 zoning.
    Where is this land located?
    The property is located at 3553 Waterloo Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $702,800.
    What are key features of this property?
    This property features: 20+ acres of industrial land in Akron's Springfield Township, on E Waterloo Road.; Former trucking salvage and dismantling yard; environmental due diligence recommended.; Four parcels totaling approximately 20.08 acres.
    (330) 940-9360
    Request Owner's contact information
    3553 Waterloo Rd Akron, OH 44312
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    Akron, OH 44312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3553 Waterloo Rd Akron, OH 44312
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