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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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
6,980
63,340
164,266
2030 Population
7,031
63,080
164,272
2025-2030 Projected Population Growth
0.7%
-0.4%
0.0%
Median Age
34.8
40.9
39.7
College Degree + Higher
31%
40%
32%
Daytime Employees
3,252
18,633
115,434
Total Businesses
407
2,440
12,838
Average Household Income
$76,687
$98,053
$83,912
Median Household Income
$56,104
$74,446
$60,018
Total Consumer Spending
$84.9M
$831.9M
$1.9B
2025 Households
3,604
28,705
72,979
Average Home Value
$272,391
$246,445
$230,723
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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