Property profile

380 Glenwood Ave Akron, OH 44310

OFF-MARKET
Retail space
Property ID
US66-1809873
4,080 SF 0.09 ac lot Built 1910
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving pizza restaurant in Akron, Ohio's vibrant North Hill neighborhood. Boasting 4,080 square feet, this turnkey operation has been a local favorite since 1997, offering a diverse menu including pizza, pasta, sandwiches, and more, attracting a loyal customer base. Its prime location near Cuyahoga Falls and with easy access to major highways (Route 8, I-77, and I-76) ensures high visibility and accessibility. The property's strategic location also benefits from proximity to downtown Akron, businesses, and hospitals, further enhancing its appeal. Adding to its profitability, two rental units above the restaurant generate additional income, offsetting operating costs and increasing the overall return on investment. All necessary equipment and furnishings are included, allowing for a seamless transition for a new owner. This well-established business, with its strong community ties and proven success, presents a unique chance for continued growth and expansion. The asking price is $250,000, translating to $61.27 per square foot. The address is 380 E Glenwood Ave, Akron, OH 44310. Please respect the privacy of employees and refrain from disturbing them.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction FRAME
Total area 4,080 SF
Lot 0.09 ac (3,746 SF)
APN 68-42543
UPID US66-1809873

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
  • Restaurant

Location

380 Glenwood Ave Akron, OH 44310-3846
Akron metro Census 502200 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
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2019
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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