2234 Newton Street - Business and property

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2234 Newton Street - Business and property

Akron, OH 44305
Asking Price
$850K
Asset Type
Retail
Class
Class B

What's Special

2234 Newton Street is located in the Ellet neighborhood of Akron, Ohio, a predominantly residential and light commercial area. The property sits near the intersection of Newton Street and Canton Road, providing direct access to local transit routes and Interstate 76. The surrounding neighborhood features a mix of established single-family housing, local service businesses, and essential amenities including grocery stores and community parks. The site benefits from consistent local vehicle traffic and proximity to the Goodyear Heights area. The building is suited for small-scale retail operations, professional service offices, or neighborhood convenience ventures. The floor plan and street-front visibility accommodate businesses such as specialty boutiques, salons, or repair services that cater to the immediate residential population. Typical tenants include local independent owner-operators seeking a functional footprint within a stable community hub. The property’s layout supports versatile interior configurations for both sales floors and administrative support spaces.

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NOI
$80,000
Cap Rate
9.41%
DSCR
1.59
Strong
Cash-on-Cash
11.58%
Monthly Payment
$4,205.336
Annual Cash Flow
$29,535.965

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