1038 Ghent Rd

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1038 Ghent Rd

Akron, OH 44333
Asking Price
$470K
Asset Type
Retail
Class
Class B

What's Special

1038 Ghent Road is positioned in the Fairlawn-Bath commercial corridor of Akron, Ohio. This location offers immediate access to Interstate 77 and State Route 18, placing it within a high-traffic regional hub. The surrounding neighborhood is characterized by a mix of established residential communities and dense commercial activity. Nearby amenities include the Summit Mall, several national big-box retailers, professional medical offices, and a variety of casual and fine-dining establishments. The property benefits from visibility along a primary arterial road that connects local suburban residents to major employment centers. The property is well-suited for businesses requiring high visibility and convenience for a suburban demographic. Ideal use cases include boutique retail, specialty services, small-scale showrooms, or neighborhood-oriented professional offices. Typical tenants for this asset class often include independent retailers, fitness studios, urgent care clinics, or financial service providers. The layout and location cater to multi-tenant or single-user occupancy looking to capture local consumer spending. The site provides on-site parking and prominent signage opportunities consistent with the surrounding retail landscape.

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NOI
$80,000
Cap Rate
17.02%
DSCR
2.87
Strong
Cash-on-Cash
36.95%
Monthly Payment
$2,325.304
Annual Cash Flow
$52,096.357

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