1493 Arlington St, Unit 1515 Akron, OH 44306-3831
- Community centers
- 11,400 SF
- 1.59 lot acres
Current Use by Public Records
- Spero Health / Addiction Treatment Center
Property Details for 1493 Arlington St
- Year built
- 1986
- Lot size
- 1.59 lot acres
- Property size
- 11,400 SF
- Property type
- Community centers
- APN
- 67-56213
- APU
- 6756213
Description
This exceptional 10,400 square foot medical office building, formerly occupied by Spero Health, presents a unique investment opportunity in Akron, Ohio. Located at 1493 S Arlington St, near E. Waterloo, in Summit County, this single-tenant property offers 3,120 square feet of immediately available space. The building underwent a complete remodel in 2021, boasting a modern and efficient layout perfectly suited for a variety of healthcare practices. The existing space includes numerous private offices, well-appointed exam rooms, a welcoming reception area, a functional conference room for meetings and consultations, and a comfortable break room for staff. The property's convenient location in Akron, Ohio, offers excellent accessibility for patients and staff alike. With its updated interior and prime location, this building is ready for immediate occupancy and presents a strong potential for return on investment. The property is zoned for medical office use and is situated in a thriving area of Akron. The 7,280 square feet currently occupied presents a stable income stream, while the vacant 3,120 square feet provides significant expansion potential or the opportunity to lease to a complementary healthcare provider. This is an excellent opportunity to acquire a well-maintained, modern medical office building in a desirable location. The property's zip code is 44306.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,155,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,245,000
- 6.5%
- $1,055,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,220,000
- Geo Method
- $1,135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,125,000
- Retail
- $1,050,000
- Mixed-Use
- $1,360,000
- Hospitality
- $1,000,000
- Educational
- $1,165,000
- Residential Income
- $970,000
- Energy
- $1,105,000
- Income-Based Land
- $1,320,000
- Food Service
- $975,000
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.4907
- Latitude
- 41.0311
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
