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 248,589 square foot community shopping center, located at 1492-1540 Canton Rd in Summit County, presents a unique investment opportunity. The property boasts four single-story buildings constructed in 1959, situated on a substantial 42.93-acre lot. Currently zoned B-1, the center offers multiple retail spaces ranging from 4,500 to 15,824 square feet, with one space immediately available at 6,000 square feet. The center is anchored by strong national tenants including Save-a-Lot, Tractor Supply Co., Goodwill, and Jo-Ann Fabrics, ensuring high visibility and consistent traffic. The strategic location near the signaled intersections of Routes 224 and 91 provides excellent accessibility for customers and employees. This thriving retail hub benefits from a robust demographic profile, with over 118,000 residents and 44,000 employees within a five-mile radius. Furthermore, the property offers additional outparcel development opportunities, available for sale or build-to-suit, presenting further expansion potential. New ownership is offering aggressive rates and terms, making this an attractive investment prospect. The APN is 5402946.

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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