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Property profile & analytics
FOR LEASE
Retail properties & Spaces

3979 Medina Rd Akron, OH 44333

161,649 SF 13.07 ac lot Built 1974
Individually Owned 3-yr Hold Free & Clear
Property ID
US66-0217245
Property summary
AI-generated overview

Montrose Acme Plaza presents a compelling retail investment opportunity. This 12.234-acre, Class C shopping center, built in 1974, is strategically located in Montrose's thriving retail trade area, boasting exceptional visibility from SR 18. The single-story building features a fully signalized entrance and abundant parking, ensuring convenient access for customers. The property's strong tenant mix includes a prominent Acme Fresh Market anchor, complemented by diverse businesses such as JoAnn Fabric, Salon Lofts, Key Bank, Subway, Brubaker's Pub, Strickland's Ice Cream, DN Nails Salon, and Dry Cleaning World. Currently, one retail space of 13,515 square feet is available. The property is zoned B-2 and its APN is 0500829, located in Summit County. This grocery-anchored center offers a stable investment with high visibility and a proven track record of success. The property's established tenant base and convenient location make it an attractive prospect for investors seeking a strong return on investment in a desirable retail market. The ample parking and convenient access from SR 18 further enhance the property's appeal. This is a rare opportunity to acquire a well-positioned retail property in a high-traffic area.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1974
Total area 161,649 SF
Lot 13.07 ac (569,416 SF)
APN 05-00829
UPID US66-0217245
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
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Citizens Bank Atm
  • Acme Pharmacy Pharmacy
  • Citizens Supermarket Branch Bank Loan Service
  • Brian Marasco Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.51M
Blend (final) Blend
$5.34M
Owner & transaction history
Albrecht Incorporated · 3 yrs held
Albrecht Incorporated
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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