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    1 Cascade Plz Akron, OH 44308

    For Lease
    Contact for pricing

    Prime Location, High Traffic, 2,947 SF

    Lot size:
    2,947 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2,947 square foot retail space, formerly a PNC Bank branch, presents a unique opportunity in the heart of downtown Akron. Located on the highly visible corner of South Main and West Bowery streets, this single-tenant property benefits from exceptional visibility and accessibility. The site enjoys significant daily traffic, exceeding 10,000 vehicles per day, due to its strategic position directly off the SR-59 corridor. This translates to substantial foot traffic and exposure for any business. The surrounding area boasts a robust customer base, with over 112,000 people residing within a 3-mile radius and a substantial daytime population of over 31,000 employees within a 1-mile radius. This first-floor space is ideal for a variety of retail uses, offering ample room for a flagship store or a smaller business seeking a high-profile location. The property is situated in Summit County and is ready for immediate occupancy. Its former use as a bank branch suggests a secure and well-maintained structure, ready for a new tenant to customize and thrive. The high volume of traffic and proximity to a dense population make this an unparalleled opportunity for a business seeking maximum exposure and a strong customer base in a thriving urban setting. This property offers a rare combination of location, size, and accessibility, making it an attractive investment for discerning businesses.

    Property Features for 1 Cascade Plz

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,947 SF

    Unit(s) available at that property

    Space
    Size
    2,947 SF

    HighLights

    • 2,947 SF first‑floor retail space available.
    • Downtown Akron location at S Main & W Bowery Streets.
    • High traffic area, SR‑59 corridor with over 10,000 vehicles daily.
    • Strong customer base: over 112,000 people within a 3‑mile radius.
    • High daytime population: over 31,000 employees within a 1‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PNC bank Bank PNC Private Bank Financial Planner Decarlo Michael Attorney Kevin P. Hardman Attorney Semple & Eicher Co, ... Law Firm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.518554690227
    Latitude
    41.081609532506

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    FAQs

    What type of property is this?
    Retail property - Prime Location, High Traffic, 2,947 SF
    Where is this retail property located?
    The property is located at 1 Cascade Plz Akron, OH.
    What are key features of this property?
    This property features: 2,947 SF first-floor retail space available.; Downtown Akron location at S Main & W Bowery Streets.; High traffic area, SR-59 corridor with over 10,000 vehicles daily.
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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
    1 Cascade Plz Akron, OH 44308
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