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    OFF-MARKET
    Retail properties & Spaces

    1492 Canton Rd, Lakemore, OH 44250

    Built 1959
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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