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Property profile & analytics
OFF-MARKET
Community centers

1410 Water St Kent, OH 44240-3852

74,699 SF 15.29 ac lot Built 1956
Entity Owned 6-yr Hold Free & Clear
Property ID
US66-5483942
Property summary
AI-generated overview

University Plaza, a vibrant 129,714 square foot community center, presents a unique investment opportunity in Kent, Ohio. This single-story, multi-tenant property boasts a prime location at the intersection of South Water and Cherry Streets, a high-traffic corridor with over 21,000 vehicles passing daily. The property features a diverse mix of retail, office, and restaurant tenants, creating a synergistic environment. With 21 suites ranging from 633 to 18,018 contiguous square feet, there's flexibility to accommodate various business needs. The 15.29-acre lot provides ample space and four convenient ingress/egress points for easy access. Benefit from below-market rental rates and the strong draw of Kent State University, with its 33,000 students located nearby. The available 18,000 square foot junior anchor space includes loading docks, ideal for businesses requiring efficient logistics. This high-volume retail area serves a large population across Portage County, ensuring a robust customer base. The property is zoned commercial and has an APN of 17-006-00-00-020. This is an exceptional opportunity to acquire a well-positioned property in a thriving market.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1956
Total area 74,699 SF
Lot 15.29 ac (666,032 SF)
APN 17-006-00-00-020
UPID US66-5483942
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
  • O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
University Plaza Kent Sc LLC · 6 yrs held
University Plaza Kent Sc LLC
since 2020
Last sale
$320,000
3 recorded transactions
2020
Price N/A
2014
$320,000
2008
$2.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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