754 Cleveland Ave Mogadore, OH 44260-2200
This exceptional three-story, 16,488 square foot Class B office building presents a compelling investment opportunity. Located at 754 S Cleveland Ave, Akron, OH 44312, in Summit County, this multi-tenant property boasts 90% occupancy with a diverse mix of executive, medical, and traditional office spaces across five units. Built in 1989 and extensively renovated in 2021, the property features a new water system, updated monument signage, a resurfaced parking lot, and significant LED lighting upgrades (50% of the building). The 6.47-acre lot provides ample parking. Current leases offer a strong cash flow, with an anchor tenant holding an eight-year lease and others ranging from three to six years. A vacant second-floor suite presents a value-add opportunity for increased revenue. The property benefits from a modified lease structure and is strategically situated off SR-224 in a park-like setting, bordering Portage County. The asking price is $1,150,000, translating to $69.75 per square foot. APN: 5109346
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Brian R. Cain MD and Associates LLC Pediatrician Physician
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LabCare PLUS - Mogadore Medical Laboratory
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Joseph Burick, DO Pediatrician Physician
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Jenna R. Ackerman, NP Physician
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Brian R. Cain, MD not there anymore Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.