Property profile

3235 Manchester Rd Akron, OH 44319

FOR LEASE
Strip malls
Property ID
US66-1609107
80,000 SF 6.6 ac lot Built 1990
Individually Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

Portage Lakes Plaza offers a prime retail land investment opportunity in Akron, Ohio. Located at 3235 Manchester Rd, 44319, this property boasts exceptional visibility and accessibility, situated near the I-76 exit. The site encompasses between 0.5 and 4.3 acres of land, presenting a unique chance to develop a retail space. Currently, there are three available spaces ranging from 4,031 to 187,308 square feet, suitable for various retail concepts. The shopping center benefits from a grocery store anchor, ensuring high foot traffic and customer visibility. The property features convenient parking, well-defined curb cuts, and a signalized access point for easy ingress and egress. Its location in Summit County, Ohio, provides access to a substantial consumer base. This is an excellent opportunity for developers or investors seeking a strategic retail location with significant potential for growth and return on investment. The property is zoned for commercial use and is ready for immediate development. The existing infrastructure, including ample parking and convenient access, makes this a highly attractive proposition for businesses seeking a strong presence in the Akron market.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1990
Total area 80,000 SF
Lot 6.6 ac (287,322 SF)
APN 19-09602
UPID US66-1609107

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Dental Office
  • Bank Loan Service
  • Alternative Medicine Practice
  • Dental Office
  • Warehouse & Storage

Location

3235 Manchester Rd Akron, OH 44319
Akron metro Census 531801 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$620k

Owner & transaction history

since 2008
1 recorded transaction
2008
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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More about this property
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