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    Property profile & analytics
    FOR LEASE
    Strip malls

    1720 Merriman Rd, Akron, OH 44313

    13,528 SF 0.7 ac lot Built 1972
    Individually Owned 24-yr Hold Free & Clear
    Property ID
    US66-2442264
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1720 Merriman Road in Akron, Ohio, presents a compelling investment opportunity. The single-story, 10,626 square foot building sits on a 0.7-acre lot and is classified as Class B. Constructed in 1972, the property features multiple tenancies, with 600 square feet currently vacant. The building offers a variety of spaces suitable for various retail or office uses. One available space, Suite J, is a 215 square foot office with two windows, conveniently located next to a rear door. This suite is available for $315 per month, plus a $55 utility fee. The property's convenient location in Akron, Summit County, Ohio (zip code 44313) provides excellent access to local amenities and transportation routes. The absence of elevators is noted. This property is ideal for investors seeking a well-located, established retail space with potential for immediate income generation and future growth. The existing tenants provide a stable income stream, while the vacant space offers the opportunity to increase profitability. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1972
    Total area 13,528 SF
    Lot 0.7 ac (30,361 SF)
    APN 68-22076
    UPID US66-2442264
    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
    • MPG Interactive Inc Data Center IT Consulting Firm
    • Home Helpers Home Care of Akron Home Help Service Agency Aged Care
    • BrXBE Hair Salon Nail Salon
    • The Soulful Vegan Restaurant
    • Face & Body Aesthetic Essentials Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.24M
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    John Chlebina · 24 yrs held
    John Chlebina
    since 2002
    2 recorded transactions
    2002
    $400,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.5M +16.7%
    Restaurant $1.4M +13.5%
    Auto repair, garage $1.4M +6.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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