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Valley Centre Plaza 1562 Akron Peninsula Rd 26,974 SF Retail Building Akron, OH 44313 $4,500,000 ($166.83/SF) 5.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Strategically positioned near major freeways such as I-77, I-76, and Route 8
- The proximity to Akron-Canton Airport enhances its appeal for businesses requiring easy access to air travel
- Fully occupied with long-standing tenants, making it a stable investment opportunity
- This strategic location is close to thousands of apartments and homes within a 3-mile radius.
EXECUTIVE SUMMARY
Crossings Development is exclusively offering the rare opportunity to acquire The Valley Centre Plaza, located at 1562 Akron Peninsula Rd, a prime retail plaza in the heart of beautiful Merriman Valley. The Plaza is fully occupied with long-term, established tenants. Surrounded by thriving residential neighborhoods and retail hubs, the plaza benefits from a high-traffic location near Ohio’s only National Park. Well maintained and includes a 3000 sq foot outparcel. Valley Centre Plaza stands out with its recent renovations, including new roofs and asphalt, ensuring a modern and well-maintained environment. The property features ample parking with 200 spaces and prominent monument signage, enhancing visibility and convenience for tenants and customers alike. The inclusion of a 3,000 square foot outparcel adds to its versatility, catering to a variety of business needs. This vibrant setting, combined with Akron’s supportive business environment and cultural amenities, makes Valley Centre Plaza an ideal choice for businesses looking to thrive. If you're seeking a stable investment, Valley Centre Plaza offers a compelling opportunity in a dynamic and growing market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
26,974 SF
Building Class
B
Year Built/Renovated
1991/2024
Price
$4,500,000
Price Per SF
$166.83
Cap Rate
5.50%
NOI
$247,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
4.15 AC
Parking
200 Spaces (7.41 Spaces per 1,000 SF Leased)
AMENITIES
- Monument Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
6,862
63,137
163,795
273,231
2029 Population
6,832
62,311
162,133
271,254
2024-2029 Projected Population Growth
-0.4%
-1.3%
-1.0%
-0.7%
Median Age
33.6
40.4
39.2
39.3
College Degree + Higher
31%
40%
32%
20%
Daytime Employees
2,724
19,084
129,913
220,892
Total Businesses
339
2,401
12,645
18,345
Average Household Income
$67,327
$85,268
$73,084
$73,219
Median Household Income
$46,625
$66,641
$54,179
$53,764
Total Consumer Spending
$81.7M
$814.1M
$1.9B
$3.1B
2024 Households
3,536
28,599
72,835
118,893
Average Home Value
$215,788
$213,357
$197,637
$193,249
PROPERTY TAXES
| Parcel Number | 70-00477 | Total Assessment | $605,298 (2025) |
| Land Assessment | $77,284 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $528,014 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
70-00477
Land Assessment
$77,284 (2025)
Improvements Assessment
$528,014 (2025)
Total Assessment
$605,298 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Presented by
Crossings Development
Valley Centre Plaza | 1562 Akron Peninsula Rd
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