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    Property profile & analytics
    OFF-MARKET Estimated value $25,885,000
    Office buildings

    1 Cascade Plz, Akron, OH 44308-1136

    300,328 SF Built 1969
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US66-2584423
    Property summary
    AI-generated overview

    This exceptional 2,947 square foot retail space, formerly a PNC Bank branch, presents a unique opportunity in the heart of downtown Akron. Located on the highly visible corner of South Main and West Bowery streets, this single-tenant property benefits from exceptional visibility and accessibility. The site enjoys significant daily traffic, exceeding 10,000 vehicles per day, due to its strategic position directly off the SR-59 corridor. This translates to substantial foot traffic and exposure for any business. The surrounding area boasts a robust customer base, with over 112,000 people residing within a 3-mile radius and a substantial daytime population of over 31,000 employees within a 1-mile radius. This first-floor space is ideal for a variety of retail uses, offering ample room for a flagship store or a smaller business seeking a high-profile location. The property is situated in Summit County and is ready for immediate occupancy. Its former use as a bank branch suggests a secure and well-maintained structure, ready for a new tenant to customize and thrive. The high volume of traffic and proximity to a dense population make this an unparalleled opportunity for a business seeking maximum exposure and a strong customer base in a thriving urban setting. This property offers a rare combination of location, size, and accessibility, making it an attractive investment for discerning businesses.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1969
    Total area 300,328 SF
    APN 67-01941
    UPID US66-2584423
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • PNC bank Bank Loan Service
    • PNC Private Bank Financial Advisor
    • Decarlo Michael Law Firm
    • Kevin P. Hardman Law Firm
    • Semple & Eicher Co, LPA Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $34.96M
    Blend (final) Blend
    $25.89M
    Owner & transaction history
    Development Fiannce Authority Of Su · 1 yrs held
    Development Fiannce Authority Of Su
    since 2024
    3 recorded transactions
    2024
    2023
    2002
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $32.8M +35.6%
    Restaurant $31.9M +31.9%
    Auto repair, garage $30.0M +24.0%
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