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 opportunity encompasses a 252,297 square foot community shopping center situated on a 42.93-acre lot in Summit County. The property, built in 1959, features four single-story buildings and is zoned B-1. Currently, there are multiple spaces available, ranging from 4,500 to 15,824 square feet, including a junior anchor space, smaller shop spaces, and a former bank outparcel building. The center boasts strong anchor tenants such as Save-a-Lot, Tractor Supply Co., Goodwill, and Jo-Ann Fabrics, ensuring high foot traffic and visibility. The property benefits from a highly desirable location near the signaled intersections of Routes 224 and 91, providing excellent accessibility. A significant demographic advantage exists 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 significant expansion potential. New ownership is offering aggressive rates and terms. This is an unparalleled chance to secure a prominent retail presence in a thriving community. 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

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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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