1492 Canton Rd, Lakemore, OH 44250
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.