Property profile

55 Shiawassee Ave Fairlawn, OH 44333

OFF-MARKET
Retail properties & Spaces
15,539 SF 2.21 ac lot Built 1965
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Property summary

AI-generated overview

This exceptional Fairlawn, OH property at 55 Shiawassee Ave offers a unique investment opportunity. The building, constructed in 1965, boasts a total of 15,539 square feet across two stories, and sits on a generous 2.21-acre lot. Currently zoned B-2, this Class C property presents a versatile mix of retail and office space, ideal for a variety of businesses. The building comprises a single structure with multiple tenancies. Currently, there are three available executive office suites ranging from 100 to 165 square feet, representing a small portion of the total 247 square feet of vacant space. The property's location in Fairlawn offers excellent visibility and accessibility. The substantial lot size provides ample parking and potential for future expansion or development. This is an excellent opportunity to acquire a well-located commercial property with immediate income potential and significant upside. The existing structure provides a solid foundation for a variety of uses, allowing for customization to meet specific business needs. The property's size and zoning offer flexibility for both short-term and long-term investment strategies. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965
Total area 15,539 SF
Lot 2.21 ac (96,268 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Gym & Fitness Center
  • Alternative Medicine Practice
  • Nail Salon
  • Cosmetic Store

Location

55 Shiawassee Ave Fairlawn, OH 44333
Fairlawn metro
Google Maps

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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