6625 Dean Memorial Pkwy Hudson, OH 44236-1157
- Hotels
- 141,202 SF
- 8.24 lot acres
Current Use by Public Records
- Hotels
Property Details for 6625 Dean Memorial Pkwy
- Year built
- 1967
- Lot size
- 8.24 lot acres
- Property size
- 141,202 SF
- Property type
- Hotels
- APN
- 13-01028
- APU
- 1301028
Description
This exceptional 141,200 square foot property, located at 6625 Dean Memorial Pkwy in Hudson, Ohio (Summit County, zip code 44236), presents a unique redevelopment opportunity. The site encompasses 8.24 acres and features two main structures: a two-story, 106,000 square foot former hotel with 239 keys, and a single-story, 35,200 square foot restaurant building. A pool house is also included. Boasting excellent visibility from highly trafficked State Route 8 and I-80, this property benefits from a location within a community with a median household income exceeding $128,000. Currently zoned Retail Business (Mixed Use General), the permitted uses include hospitality, retail, office, and more, offering considerable flexibility for future development. The asking price is $3,500,000, translating to $24.79 per square foot. This presents a compelling investment prospect for those seeking a high-visibility location with significant development potential in a desirable Ohio market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $650,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $720,000
- Retail
- $650,000
- Mixed-Use
- $610,000
- Hospitality
- $605,000
- Educational
- $715,000
- Residential Income
- $655,000
- Energy
- $835,000
- Income-Based Land
- $765,000
- Food Service
- $655,000
Location Insight
- Map
- Local Demand
- City
- Hudson
- County
- Summit
- State
- Ohio
- Longitude
- -81.5033
- Latitude
- 41.2612
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
