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Property profile & analytics
FOR LEASE
Retail space

500 E Aurora Rd Macedonia, OH 44056

42,648 SF 3.93 ac lot Built 1981
Entity Owned 2-yr Hold Free & Clear
Property ID
US66-1220535
Property summary
AI-generated overview

This exceptional retail opportunity is located at Macedonia Gateway in Macedonia, Ohio, a thriving retail hub situated between Cleveland and Akron. The property offers multiple tenancy options, with spaces ranging from 3,500 square feet to 20,000 square feet (larger spaces available upon inquiry). This location boasts maximum visibility and convenient access, ensuring high traffic and customer exposure. The center is anchored by a strong lineup of national retailers, including Best Buy, Burlington, Nordstrom Rack, Office Max, Petco, T.J. Maxx, and Sephora (opening June 2024). This established retail corridor benefits from its position within a dominant trade area, attracting a significant customer base. The surrounding area also features a robust mix of retailers such as Giant Eagle, The Home Depot, Kohl's, Lowe's, Target, and Walmart, further solidifying the area's retail strength and drawing significant consumer traffic. This is an unparalleled opportunity to establish or expand your business in a high-demand location with exceptional visibility and access to a large customer base. Contact us today to discuss available space and lease terms. The property is classified as an anchor retail space with multiple tenancy options. The county is Summit County.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Total area 42,648 SF
Lot 3.93 ac (171,191 SF)
APN 33-03335
UPID US66-1220535
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
  • Smiles Chinese Restaurant Restaurant
  • Sagamore Square Shopping Center Business Service Center Corporate Office
  • Burlington Jewelry Store Women'S Clothing Store
  • OfficeMax (Bike/Boat/Book/etc) Store
  • OfficeMax Tech Services Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.42M
Blend (final) Blend
$2.57M
Owner & transaction history
Gw Macedonia LLC · 2 yrs held
Gw Macedonia LLC
since 2023
4 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
1999
$4.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.2M +69.4%
Medical building $4.0M +59.5%
Neighborhood: shopping center $4.0M +59.2%
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