Property profile

1492 Canton Rd Lakemore, OH 44250

OFF-MARKET
Retail properties & Spaces
Built 1959
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Property summary

AI-generated overview

Lakemore Plaza, a 252,297 square foot community shopping center in Summit County, offers exceptional retail opportunities. This Class B property, built in 1959, sits on a substantial 42.93-acre lot and features four single-story buildings. Currently, multiple spaces are available, ranging from 4,500 to 15,824 square feet, including a junior anchor space 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. Its strategic location near the signaled intersections of Routes 224 and 91 provides excellent visibility and accessibility. The property's strong demographics include over 118,000 residents and 44,000 employees within a five-mile radius. Further enhancing its appeal, additional outparcel development opportunities exist, allowing for build-to-suit options or outright sale. The property is zoned B-1 and has a new ownership group offering competitive rates and terms. This is a rare opportunity to secure prime retail space 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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