85 Ghent Rd, Fairlawn, OH 44333-3322
- Retail space
- 1,710 SF
- 0.23 lot acres
Current Use by Public Records
- Retail space
Property Details for 85 Ghent Rd
- Year built
- 1996
- Lot size
- 0.23 lot acres
- Property type
- Retail space
- APN
- 09-00402
- APU
- 900402
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 21, 2004 | $255,000 | Richard R Bryson | Bryson,tr | Grant Deed · related | $216k · Charter One Bank |
| — | — | Richard R Bryson | — | Deed Of Trust · related | $150k · Charter One |
Description
This exceptional 1,710 square foot retail building, situated on a 1.7-acre lot at 85 Ghent Road in Fairlawn, Ohio, presents a compelling investment opportunity. Currently operating at 100% occupancy with a single tenant, this property boasts a strong 5.00% capitalization rate and is priced at $990,000. The building's prime location directly across from Summit Mall ensures high visibility and significant foot traffic, making it an ideal location for a variety of retail uses, including its current use as a daycare and storefront. The property is in excellent condition and features a single building on a substantial lot, offering ample space and potential for future expansion or redevelopment. The property's APN is 0900402 and is located in Summit County, Ohio, zip code 44333. The lease term is currently at zero years, presenting an opportunity for a new lease agreement with favorable terms. This turnkey investment is ready for immediate income generation. The property's versatile nature and strategic location make it a highly attractive investment for both seasoned and new investors seeking a strong return on investment in a thriving Ohio market. The property is zoned for retail use and is easily accessible from major roadways. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fairlawn
- County
- Summit
- State
- Ohio
- Longitude
- -81.6141
- Latitude
- 41.1326
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
