Property profile

1492 Canton Rd Lakemore, OH 44250

OFF-MARKET
Retail properties & Spaces
Built 1959
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Property summary

AI-generated overview

This exceptional retail property, located at 1492-1540 Canton Rd in Lakemore, Ohio (Summit County, APN 5402944), offers a unique investment opportunity. The 42.93-acre site features four single-story buildings totaling 248,589 square feet, constructed in 1959 and classified as Class B. Currently, multiple spaces are available, ranging from 4,500 to 15,824 square feet, within a thriving community shopping center. Strong anchor tenants include Save-a-Lot, Tractor Supply Co., Goodwill, and Jo-Ann Fabrics, ensuring high foot traffic and visibility. The property's B-1 zoning allows for a variety of retail uses. Its prime location near the signaled intersections of Routes 224 and 91 provides excellent accessibility, serving a substantial population base of over 118,000 residents and 44,000 employees within a five-mile radius. Further development potential exists through available outparcels, suitable for sale or build-to-suit projects. New ownership offers competitive rates and flexible terms. This is an ideal opportunity for businesses seeking high-visibility retail space in a densely populated area with strong existing tenancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1492 Canton Rd Lakemore, OH 44250
Lakemore metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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