382 Cuyahoga Falls AveAkron, OH 44310

Property Details for 382 Cuyahoga Falls Ave

Year built

1950

Lot size

0.16 AC

Property size (Sq ft)

5,520 SF

Property type

Retail properties

Property subtype

Retail space

APN

67-59247

APU

6759247

Description

This exceptional Akron commercial property offers 5,500 square feet of versatile space, perfect for a variety of retail uses. The building features a sizable back workshop area, providing ample room for storage or specialized operations. Previously utilized as a boat repair shop, the property's layout is adaptable and ready for your business vision. The sale includes not only the main building but also an adjacent parcel, identified as 6810339, adding an additional 0.139 acres to the overall property size. This expands the potential for outdoor storage, expansion, or additional development. The property is conveniently located at 382 E Cuyahoga Falls Avenue in Akron, Ohio, and is zoned for retail use, simplifying the permitting process for many businesses. The 0.16-acre lot provides sufficient space for parking and maneuvering. This is a rare opportunity to acquire a substantial commercial property in a desirable location at an attractive price point of $150,000. The combination of indoor and outdoor space, along with the favorable zoning, makes this an excellent investment for entrepreneurs and business owners seeking a well-established location with significant expansion potential. Don't miss this chance to secure your future in a thriving Akron commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,543,173

  6.5%

  $1,424,468

  7%

  $1,322,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,301,179

  Geo Method

  $1,301,179

• Alternative Use

  Use

  Valuation

  Residential

  $1,201,592

  Hospitality

  $1,100,652

  Educational

  $915,729

  Medical

  $947,223

  Retail

  $1,424,468

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.1109

Longitude

-81.5042

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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