1501 Vernon Odom Blvd - Auto Dealership FOR SALE


Akron, OH 44320- West Akron
$3,698,500 USD
330-576-8621
1501 Vernon Odom Blvd, Akron, OH for Sale
$3,698,500 USD
Auto Dealership - FOR SALE
1/22
null | Request Cap Rate

1501 Vernon Odom Blvd
Akron, OH 44320
West Akron


HIGHLIGHTS

  • Spacious open layout spanning approximately 16,750 square feet, including storage and photo booth buildings.
  • Turnkey opportunity that includes seven floor-mounted lift units, office furniture, and a paint booth for a seamless transition into the property.
  • Highly accessible location adjacent to Interstate 77, allowing for easy access from all over Northeast Ohio.
  • Situated on a 4.65-acre lot that provides ample surface parking spots that can accommodate hundreds of vehicles.

OVERVIEW

Take advantage of this prime opportunity; the price has been recently reduced to the point where it is now more than $500,000 lower than the most recent MAI appraisal. Don’t miss this chance to acquire a turnkey automotive dealership opportunity. Alternative potential uses include equipment sales, machine shops, and various other businesses. Located at 1501 Vernon Odom Boulevard in Akron, Ohio, this exceptional turnkey automotive dealership opportunity offers a fully equipped facility ideal for auto sales, service, or alternative commercial uses such as equipment sales or machine shops. Formerly Prestige Auto Credit, the property spans approximately 16,750 square feet on a 4.65-acre lot, zoned UPD-4 (Planned Development District). The turnkey site includes a spacious showroom with double doors for vehicle display, a lounge-style seating area, and multiple furnished offices, allowing for a seamless transition into the building. The rear service bay features a frame rack, seven floor-mounted lift units, a drive-in paint booth, and bright, energy-efficient LED lighting throughout. Additional structures include storage and photo booth buildings, along with mezzanine storage. Strategically positioned adjacent to Interstate 77, the property offers direct freeway access and is exposed to over 77,000 vehicles per day, maximizing visibility and brand recognition. The proximity to the highway creates a logistical advantage for convenient shipping and receiving. The fully paved lot accommodates approximately 250 surface parking spaces and includes a secure fenced area for ample industrial outdoor storage (IOS). Located just 5 miles from Downtown Akron, this site benefits from a high-traffic, signalized intersection on Vernon Odom Boulevard, ensuring seamless ingress and egress. The surrounding area is densely populated, with over 450,000 residents and an average household income of $75,000. In 2024, consumer spending in the area reached $5.4 billion, with $1.335 billion allocated to transportation and maintenance, making this location ideal for automotive-related businesses, equipment sales and rental, vehicle repair, and mobile home sales. With its prime location, extensive amenities, and flexible zoning, this property presents a rare opportunity for investors or business owners seeking a turnkey high-performing retail or service site in Northeast Ohio.

FOR SALE DETAILS

PRICE

$3,698,500 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

±16,750-SF Freestanding Former Car Dealership

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

4.65 AC

LAND SF

202,554 SF

ZONING

UPD-4

APN/PARCEL ID

67-62794

ASK ABOUT THIS PROPERTY

330-576-8621

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330-576-8621

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