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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 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
    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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    CAP Approach CAP
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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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