1 Cascade Plz Akron, OH 44308
Property profile & analytics
1 Cascade Plz Akron, OH 44308
- Office buildings
- 300,328 SF
Property ID
US66-2584423
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 1 Cascade Plz
- Year built
- 1969
- Property size
- 300,328 SF
- Property type
- Office buildings
- APN
- 67-01941
- APU
- 6701941
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $34,960,000
Market price range: $12.5M - $39.2M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $24,160,000 Current use
- MEDICAL BUILDING
- $32,755,000 Change: +36% Conversion: Easy
- RESTAURANT
- $31,860,000 Change: +32% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $29,950,000 Change: +24% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $28,070,000 Change: +16% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $20,445,000 Change: -15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $20,050,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5196
- Latitude
- 41.0822
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$526,474
$0.00
$3,190,100
$3,190,100
-
$0.00
$9,114,580
$9,114,580
