4494 State Route 43 Kent, OH 44240
- Strip malls
- 16,000 SF
- 3.66 lot acres
Current Use by Public Records
- Strip malls
Property Details for 4494 State Route 43
- Year built
- 2006
- Lot size
- 3.66 lot acres
- Property size
- 16,000 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 04-023-00-00-049
- APU
- 40230000049
Description
This exceptional 8,000-square-foot flex space in Kent, Ohio, presents a compelling opportunity for businesses seeking a prime location. Situated on 3.641 acres at 4494 State Route 43, this single-story, 2006-built Class B building offers a versatile layout ideal for a variety of uses. The property features approximately 4,700 square feet of warehouse space with a bay door, complemented by 3,300 square feet of office space. The attractive masonry and stucco exterior, accented by storefront windows and formal gables, provides excellent curb appeal. Benefitting from 250 feet of frontage on State Route 43, the property enjoys high visibility to the 25,000 vehicles passing daily. Its strategic location near Interstate 76 ensures easy accessibility, while its proximity to a Cleveland Clinic Express Care Clinic, Kent State University (with 27,000 students), and numerous amenities including gas stations, hotels, restaurants, and residential developments, provides a strong customer base and convenient access for employees. The property is available for lease at $14.00 per square foot, commencing November 1, 2023. The Portage County location, within the rapidly growing Brimfield area, makes this an ideal space for both national chains and local businesses. The property's parcel number is 04-023-00-00-049-000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,590,000
- 6.5%
- $1,480,000
- 7%
- $1,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,425,000
- Geo Method
- $1,470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,735,000
- Retail
- $1,490,000
- Mixed-Use
- $1,820,000
- Hospitality
- $1,485,000
- Educational
- $1,515,000
- Residential Income
- $1,830,000
- Energy
- $1,520,000
- Income-Based Land
- $1,845,000
- Food Service
- $1,680,000
Location Insight
- Map
- Local Demand
- City
- Kent
- County
- Portage
- State
- Ohio
- Longitude
- -81.3476
- Latitude
- 41.1121
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
