498-553 Canton Rd | Akron, OH 44312
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- LoopNet Team
498-553 Canton Rd
Akron, OH 44312
Grocery Anchored 8.8% Cap - 73% Occupancy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Grocery (20+ Years) and Fitness (Recent Expansion and Extension) Anchors - Internet Resistant
- Save-A-Lot Grocery Anchor with 20 Years of Tenure in the Property
- Historically Stable Property for Sale for 1st Time in 38 Years
- RARE Value-Add Shopping Center for Sale with 27% UPSIDE
- Tremendous Cash-On-Cash Potential with 8.8% Actual Cap Rate and Lease Up of Vacant Space
- Roof 70% Replaced in 2015 and Remaining 30% Replaced 2020
PROPERTY FACTS
Property Type
Building Size
115,650 SF
Building Class
C
Year Built
1951
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
5 Exterior
Building FAR
0.42
Lot Size
6.34 AC
Parking
300 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
579’ on Canton Rd
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 67-60810 | Improvements Assessment | $2,016,322 |
| Land Assessment | $188,615 | Total Assessment | $2,204,937 |
PROPERTY TAXES
Parcel Number
67-60810
Land Assessment
$188,615
Improvements Assessment
$2,016,322
Total Assessment
$2,204,937
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