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    1410 Water St Kent, OH 44240

    Sponsored
    For Lease
    $9 SF/Yr

    High-traffic Kent, OH retail/office center

    Lot size:
    129,714 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    University Plaza, a vibrant 129,714 square foot community center, presents a unique investment opportunity in Kent, Ohio. This single-story, multi-tenant property boasts a prime location at the intersection of South Water and Cherry Streets, a high-traffic corridor with over 21,000 vehicles passing daily. The property features a diverse mix of retail, office, and restaurant tenants, creating a synergistic environment. With 21 suites ranging from 633 to 18,018 contiguous square feet, there's flexibility to accommodate various business needs. The 15.29-acre lot provides ample space and four convenient ingress/egress points for easy access. Benefit from below-market rental rates and the strong draw of Kent State University, with its 33,000 students located nearby. The available 18,000 square foot junior anchor space includes loading docks, ideal for businesses requiring efficient logistics. This high-volume retail area serves a large population across Portage County, ensuring a robust customer base. The property is zoned commercial and has an APN of 17-006-00-00-020. This is an exceptional opportunity to acquire a well-positioned property in a thriving market.

    Property Features for 1410 Water St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    129,714 SF
    Total Rate
    102690.25

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    633 SF
    Rate per SF
    $13
    Space
    Suite 3
    Size
    1,230 SF
    Rate per SF
    $10
    Space
    Suite 1B
    Size
    18,018 SF
    Space
    Suite 5
    Size
    1,640 SF
    Rate per SF
    $9

    HighLights

    • High‑traffic intersection exceeding 21,000 vehicles per day (VPD).
    • Excellent proximity to Kent State University (33,000 students).
    • Four convenient ingress/egress points.
    • Below‑market rental rates available.
    • High‑volume retail location serving numerous Portage County communities.
    • 18,000 square feet of junior anchor space available with loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.357687
    Latitude
    41.1407213

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic Kent, OH retail/office center
    Where is this neighborhood center located?
    The property is located at 1410 Water St Kent, OH.
    What is the lease rate?
    The lease rate is $0.00-$13 SF/Yr.
    What are key features of this property?
    This property features: High-traffic intersection exceeding 21,000 vehicles per day (VPD).; Excellent proximity to Kent State University (33,000 students).; Four convenient ingress/egress points.
    Request Owner's contact information
    1410 Water St Kent, OH 44240
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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
    1410 Water St Kent, OH 44240
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