2962 Oh-93 New Franklin, OH 44319
This exceptional 49,659 square foot commercial land parcel presents a remarkable investment opportunity in Akron, Ohio. Situated at the corner of Cove Boulevard and Manchester Road, this 1.14-acre lot boasts 80 feet of frontage and offers excellent visibility due to its high-traffic location. The property's flat terrain and convenient access to major roadways, including highways 77, 76, US 224, and Route 8, make it ideal for a wide range of commercial developments. County-approved building plans are available, incorporating parking options for expansion. The site's dimensions are approximately 257 feet in length and 271 feet wide at the rear. Its strategic location near Akron Auto Auction, downtown Akron businesses (Bridgestone, Firestone, Rubbermaid), Cleveland Clinic hospitals, Akron General, GOJO, and the Portage Lakes ensures high visibility and accessibility. Potential uses include drive-through restaurants, car washes, quick oil changes, medical clinics, multi-family dwellings, storage units, gas stations, dollar stores, office buildings, and automotive sales/repair facilities. All utilities are readily available at the street, and a long-term land lease option is also available. The property's zoning is commercial, and its Summit County APN is 1909568. This is a rare opportunity to acquire a well-positioned commercial lot with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.