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    8929 State Route 14 Streetsboro, OH 44241

    Sponsored
    For Sale
    $995,000

    High-visibility, income-producing property.

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Streetsboro, Ohio property, located at 8929 State Route 14, presents a compelling investment or owner-user opportunity. The 9,600 square foot building, constructed in 1989, sits on a 2.52-acre lot and boasts a Class B rating. Currently featuring a single tenancy, the property offers significant potential for expansion given its ample lot size. The building's strategic location ensures high traffic visibility and convenient access to major freeways. The property includes generous parking. The existing tenant, a reputable national company, provides immediate rental income, showcasing the property's desirability and income-generating potential. The building is comprised of four units, two of which are currently available for lease. Unit A offers 1,536 square feet of versatile space, including a 576 square foot front office and a 960 square foot warehouse with a 12x14 drive-in door. Unit C, also 1,536 square feet, is currently configured as a salon but is adaptable to various uses. This property is priced at $995,000 and presents a rare chance to acquire a well-situated, income-generating asset with significant upside potential. The property's Portage County location and 44241 zip code further enhance its appeal. The single-story building offers easy accessibility and functionality.

    Property Features for 8929 State Route 14

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    9,600 SF
    Class
    B
    Lot Size
    109,771 SF

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Streetsboro
    County
    Portage
    State
    Ohio
    Longitude
    -81.330881
    Latitude
    41.2336918

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    FAQs

    What type of property is this?
    Office Property / Space - High-visibility, income-producing property.
    Where is this office property / space located?
    The property is located at 8929 State Route 14 Streetsboro, OH.
    What is the asking price?
    The asking price for this property is $995,000.
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    8929 State Route 14 Streetsboro, OH 44241
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    Streetsboro, OH 44241
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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
    8929 State Route 14 Streetsboro, OH 44241
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