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Property profile & analytics
FOR LEASE
Community centers

2420 Wedgewood Dr Akron, OH 44312

209,280 SF 17.99 ac lot Built 1970
Entity Owned 20-yr Hold Free & Clear
Property ID
US66-1338382
Property summary
AI-generated overview

Ellet Acme Plaza, a vibrant shopping center in Akron's Ellet neighborhood, offers exceptional retail opportunities. This 2.5-acre property is anchored by a thriving Acme Fresh Market and Ace Hardware, ensuring high foot traffic and strong community presence. Currently, there are two available spaces, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 7,376 square feet. A total of 3,091 square feet is currently vacant, providing flexibility for various retail concepts. The center boasts a diverse tenant mix of retail, service, and convenience-oriented businesses, catering to the densely populated and stable Ellet community. Its prime location offers excellent visibility and convenient access, making it an ideal destination for shoppers. The property's strategic positioning within a busy grocery-anchored center guarantees a steady stream of potential customers. This presents a unique chance to establish or expand a business in a thriving, well-established commercial area. The available space is perfect for businesses seeking high visibility and a strong local customer base. Consider this opportunity to become part of a successful and well-regarded shopping center in a desirable Akron neighborhood.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1970
Total area 209,280 SF
Lot 17.99 ac (783,644 SF)
APN 68-60657
UPID US66-1338382
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
  • Mr. Beane's This & That Home Decor Store Department Store
  • Vital Records Control Recycling Center Waste Management Facility
  • Summit County Training & Work County Government Office
  • Acme Pharmacy Pharmacy
  • Amazon Counter - Mr. Beane’s This & That Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.70M
Blend (final) Blend
$5.09M
Owner & transaction history
Albrecht INC · 20 yrs held
Albrecht INC
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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