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    3979 Medina Rd Akron, OH 44333

    For Lease
    Contact for pricing

    Grocery-anchored center, prime Montrose location

    Lot size:
    13,515 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Montrose Acme Plaza presents a compelling retail investment opportunity. This 12.234-acre, Class C shopping center, built in 1974, is strategically located in Montrose's thriving retail trade area, boasting exceptional visibility from SR 18. The single-story building features a fully signalized entrance and abundant parking, ensuring convenient access for customers. The property's strong tenant mix includes a prominent Acme Fresh Market anchor, complemented by diverse businesses such as JoAnn Fabric, Salon Lofts, Key Bank, Subway, Brubaker's Pub, Strickland's Ice Cream, DN Nails Salon, and Dry Cleaning World. Currently, one retail space of 13,515 square feet is available. The property is zoned B-2 and its APN is 0500829, located in Summit County. This grocery-anchored center offers a stable investment with high visibility and a proven track record of success. The property's established tenant base and convenient location make it an attractive prospect for investors seeking a strong return on investment in a desirable retail market. The ample parking and convenient access from SR 18 further enhance the property's appeal. This is a rare opportunity to acquire a well-positioned retail property in a high-traffic area.

    Property Features for 3979 Medina Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,515 SF
    Class
    C

    Building Details

    Year Built
    1974
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    12
    Size
    13,515 SF

    HighLights

    • Grocery‑anchored shopping center in Montrose's prime retail area with excellent SR 18 visibility.
    • Fully signalized entrance.
    • Ample parking.
    • Strong tenant mix including Acme Fresh Market and JoAnn Fabric, among other national and local businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Redbox Movie Rental Kiosk Citizens Bank Atm Acme Pharmacy Pharmacy Citizens Supermarket Branch Bank Brian Marasco Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.6420368
    Latitude
    41.1380812

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored center, prime Montrose location
    Where is this retail property located?
    The property is located at 3979 Medina Rd Akron, OH.
    What are key features of this property?
    This property features: Grocery-anchored shopping center in Montrose's prime retail area with excellent SR 18 visibility.; Fully signalized entrance.; Ample parking.
    Request Owner's contact information
    3979 Medina Rd Akron, OH 44333
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    Akron, OH 44333
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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
    3979 Medina Rd Akron, OH 44333
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