500 Aurora Rd Macedonia, OH 44056
- Retail space
- 42,648 SF
- 3.93 lot acres
Current Use by Public Records
- Smiles Chinese Restaurant / Chinese Restaurant / Asian Restaurant
- Sagamore Square Shopping Center / Business Center
- Burlington / Department Store / Discount Store
- OfficeMax / Computer Store / Mailing Service
- OfficeMax Tech Services / Business Center / Business To Business Service
Property Details for 500 Aurora Rd
- Year built
- 1981
- Lot size
- 3.93 lot acres
- Property size
- 42,648 SF
- Property type
- Retail space
- APN
- 33-03335
- APU
- 3303335
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,015,000
- 6.5%
- $1,040,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $960,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,105,000
- Retail
- $990,000
- Mixed-Use
- $1,125,000
- Hospitality
- $1,025,000
- Educational
- $1,020,000
- Residential Income
- $1,140,000
- Energy
- $1,125,000
- Income-Based Land
- $1,005,000
- Food Service
- $850,000
Location Insight
- Map
- Local Demand
- City
- Macedonia
- County
- Summit
- State
- Ohio
- Longitude
- -81.5193
- Latitude
- 41.313
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
