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 investment opportunity in Akron, Ohio, presents a prime location on Canton Road (1492-1540). The property encompasses 42.93 acres and features four single-story buildings constructed in 1959, currently classified as Class B. The zoning is B-1, allowing for a variety of retail uses. Multiple spaces are available, ranging from 2,600 square feet to 15,824 square feet, with a total of 252,297 square feet of leasable space within the community shopping center. The center boasts strong anchor tenants including Save-a-Lot, Tractor Supply Co., Goodwill, and Jo-Ann Fabrics. A junior anchor space, several smaller shop spaces, and a former Huntington Bank outparcel building are currently available for lease. Further development opportunities exist for sale or build-to-suit options on additional outparcels. The property benefits from a high-traffic location near the signaled intersections of Routes 224 and 91, serving a substantial population base of over 118,000 residents and 44,000 employees within a five-mile radius. Under new ownership, this property offers aggressive lease rates and flexible terms, making it an attractive investment prospect. The property's APN is 5402946, located in Summit County. One immediately available space offers 1,000 square feet.

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

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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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