1562 Akron Peninsula Rd - Storefront FOR SALE


Akron, OH 44313- Merriman Valley
$4,800,000 USD
234-271-4979
1562 Akron Peninsula Rd, Akron, OH for Sale
$4,800,000 USD
Storefront - FOR SALE
1/20
null | 5% Cap Rate

1562 Akron Peninsula Rd
Akron, OH 44313
Merriman Valley


HIGHLIGHTS

  • Strategically positioned near major freeways such as I-77, I-76, and Route 8
  • Fully occupied with long-standing tenants, making it a stable investment opportunity
  • The proximity to Akron-Canton Airport enhances its appeal for businesses requiring easy access to air travel
  • This strategic location is close to thousands of apartments and homes within a 3-mile radius.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Centre Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.15 AC

LAND SF

180,774 SF

ZONING

-

APN/PARCEL ID

70-00477

ASK ABOUT THIS PROPERTY

Nicole LeeCrossings DevelopmentMore Info
234-271-4979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Nicole LeeCrossings DevelopmentMore Info
234-271-4979

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.