498-553 Canton Rd - Supermarket FOR SALE


Akron, OH 44312- Ellet
$6,998,000 USD
216-381-8200
498-553 Canton Rd, Akron, OH for Sale
$6,998,000 USD
Supermarket - FOR SALE
1/5
null | 8.05% Cap Rate

498-553 Canton Rd
Akron, OH 44312
Ellet


HIGHLIGHTS

  • RARE Value-Add Shopping Center for Sale with 31% UPSIDE
  • Grocery Anchor with 24 Years of Tenure in the Property
  • Tremendous Cash-On-Cash Potential with Lease Up of Vacant Space
  • Historically Stable Property Available for 2nd Time in 41 Years
  • Located in Densely-Populated Ellet Neighborhood of Akron

OVERVIEW

For sale is the 100% fee-simple interest in Eastgate Ellet Plaza, a grocery anchored shopping center serving the densely-populated Ellet, Mogadore, and Lakemore neighborhoods in Akron, Ohio. The property is being offered for sale for only the second time in 41 years. The property features a wide mix of daily needs, internet resistant tenants including grocery, restaurants, nail salon, cellular, and others.

FOR SALE DETAILS

PRICE

$6,998,000 USD

PRICE/SF

$56 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastgate Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

6.34 AC

LAND SF

276,170 SF

ZONING

-

APN/PARCEL ID

67-60810

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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