Property profile

1034 Ghent Rd Akron, OH 44333

OFF-MARKET
Commercial real estate
Property ID
US66-1982111
1,440 SF 1.22 ac lot Built 1957
Individually Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional mixed-use property in Akron, Ohio, presents a compelling investment opportunity. Located at 1034 Ghent Rd, this 1.212-acre lot (APN 0407234) boasts a 5,507 square foot building, currently vacant, offering significant redevelopment potential. The property consists of two, one-story buildings, built in 1957, and features three units. Currently zoned B-1, it's ideally suited for a variety of commercial uses, including restaurant, drive-thru, office, or retail spaces. The property's strategic location benefits from high visibility and exceptional traffic counts, with approximately 60,000 vehicles daily traversing the nearby Interstate. The asking price is $499,000. This is a rare chance to acquire a well-positioned property in a thriving commercial area, ready for immediate redevelopment to capitalize on the high traffic volume and strong commercial zoning. The property's existing structure provides a solid foundation for a variety of commercial ventures, making it an attractive investment for both experienced developers and new entrepreneurs. The property is classified as Class C and is currently vacant.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1957
Total area 1,440 SF
Lot 1.22 ac (53,143 SF)
APN 04-07234
UPID US66-1982111

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1034 Ghent Rd Akron, OH 44333-2638
Akron metro Census 532301 AKRON, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2019
2 recorded transactions
2019
$270,000
2004
Price N/A

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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