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    OFF-MARKET
    Land

    0 Buena Vista Dr, Akron, OH 44319

    1.96 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.96-acre commercial land parcel presents a unique investment opportunity in New Franklin, Ohio. Strategically located near the intersection of Buena Vista Drive and Archmere Drive, this property offers significant development potential. The site is conveniently situated just one mile north of I-77, providing easy access to major transportation routes. The property is comprised of two parcels: Parcel A, encompassing approximately 0.75 acres with over 238 feet of frontage on South Arlington Road, is zoned C-1 Commercial. Parcel B, approximately 1.21 acres, fronts Buena Vista Drive and Archmere Drive and is currently zoned R-2 Residential. There's potential to expand the acreage. The land boasts a level topography and is served by Akron Jedd utilities, including sewer and water. Adjacent to a newly constructed Dollar General store, this location benefits from high visibility and strong commercial activity. The 2021 property taxes were $3,275. The asking price for Parcel B is $50,000. This property is ideally suited for commercial development within the Springfield Township submarket.

    Property profile
    Verified
    Property type Land
    Lot 1.96 ac (85,378 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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