Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    970 Copley Rd Akron, OH 44320

    Sponsored
    For Sale
    $1,248,000

    Akron, OH: Strong Net Lease Investment

    Property size:
    10,645 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 10,645-square-foot Family Dollar storefront in Akron, Ohio, situated on a 1.25-acre lot. Boasting a strong 8.00% cap rate and a substantial net operating income (NOI) of $99,841, this property offers a secure, long-term investment. The property features a 15-year net lease with Family Dollar, commencing October 22, 2014, and expiring December 31, 2029, leaving approximately 5.1 years remaining. The lease includes three, 5-year renewal options with a 10% rent increase in each. Built in 1997 and previously operating as a drugstore, Family Dollar has occupied the site since 2002, demonstrating a long-term commitment to the location. The property enjoys excellent visibility and access, located on a hard corner at the signalized intersection of Copley Road (13,911 vehicles per day) and Storer Avenue (2,721 vehicles per day), less than 3 miles from downtown Akron and 1 mile from I-77 (75,733 vehicles per day). With 39 parking spaces and a built-in customer base of over 7,100 households within a 1-mile radius, this property offers a compelling combination of strong tenant, location, and lease terms. The property includes one building and is 100% occupied. The asking price is $1,248,000.

    Property Features for 970 Copley Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,645 SF
    Lot Size
    54,450 SF

    Building Details

    Year Built
    1997
    Buildings
    1

    HighLights

    • Family Dollar net lease investment with $1,248,000 asking price and 8.00% cap rate.
    • 5.1 years remaining on a 15‑year lease with three, 5‑year renewal options at 10% rent increases each.
    • 10,645 SF building on a 1.25‑acre lot with 39 parking spaces, located at a hard corner with high visibility in Akron, OH.
    • Strong tenant history: Family Dollar has occupied the site since 2002, recently exercising a renewal option.
    • Excellent location near downtown Akron, I‑77, and surrounded by over 7,100 households within 1 mile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -81.5568533
    Latitude
    41.0846627

    Nearby Similar for Sale

    • $550,000
      0.25 Acres

      Akron Multifamily Investment Opportunity

      Six-unit multifamily property in downtown Akron with income potential.
      628 Units, Akron, OH 44311
      View Details
    • $300,000
      4,174 SF

      Turnkey Akron Multifamily Investment Opportunity

      Two detached homes near universities and downtown Akron.
      585-583 E Buchtel Ave, Akron, OH 44304
      View Details
    • $549,900
      0.64 Acres

      Historic Akron Office Building

      Historic building in West Akron, suitable for office or conversion.
      697 W Market St, Akron, OH 44303
      View Details
    • New
      $299,000
      2,000 SF

      Akron Triplex with Garage

      Triplex in quiet neighborhood with garage and ample parking.
      61 Leicester Dr, Akron, OH 44319
      View Details
    • $130,000
      2,662 SF

      Renovated Duplex Near Highland Square

      Turnkey duplex with modern upgrades and strong rental potential.
      525 Crosby St, Akron, OH 44302
      View Details
    • New
      $225,000
      3,420 SF

      Multifamily Property on Large Lot

      Multifamily property with four units on 0.64 acres.
      6090 Manchester Rd, Akron, OH 44319
      View Details
    • $275,000
      0.16 Acres

      Established Bar in High-Traffic Akron

      Remodeled, dual-level bar with full kitchen in Akron, OH.
      350 E South St, Akron, OH 44311
      View Details
    • $199,900
      2,040 SF

      Akron Multifamily Home with Suite

      Multifamily home in Ellet area with apartment suite.
      480 Wirth Ave, Akron, OH 44312
      View Details
    • $199,900
      2,040 SF

      Akron Multifamily Home with Suite

      Multifamily home in Ellet area, ideal for investors.
      480 Wirth Ave, Akron, OH 44312
      View Details
    • $309,900
      2,496 SF

      Akron Multifamily Investment Opportunity

      Four-unit brick property with long-term tenants and updates.
      2256 Maryland Ave, Akron, OH 44314
      View Details
    • $139,900
      Pending

      Akron Duplex with Bonus Unit

      Duplex with updated unit and additional income potential.
      655 Oxford Ave, Akron, OH 44310
      View Details
    • $125,900
      0.18 Acres

      Well-Maintained Duplex in Akron, OH

      Akron duplex with updated kitchens, baths, and convenient location.
      673 Sumner St, Akron, OH 44311
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Akron, OH: Strong Net Lease Investment
    Where is this individual retail property located?
    The property is located at 970 Copley Rd Akron, OH.
    What is the asking price?
    The asking price for this property is $1,248,000.
    What are key features of this property?
    This property features: Family Dollar net lease investment with $1,248,000 asking price and 8.00% cap rate.; 5.1 years remaining on a 15-year lease with three, 5-year renewal options at 10% rent increases each.; 10,645 SF building on a 1.25-acre lot with 39 parking spaces, located at a hard corner with high visibility in Akron, OH.
    Request Owner's contact information
    970 Copley Rd Akron, OH 44320
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    970 Copley Rd
    Akron, OH 44320
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    970 Copley Rd Akron, OH 44320
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.