697 S Arlington St

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697 S Arlington St

Akron, OH
Asking Price
$1.34M
Asset Type
Retail
Class
Class B

What's Special

697 S Arlington Street is situated in a dense residential and commercial corridor in Akron, Ohio. The property maintains frontage on a primary north-south thoroughfare, providing direct access to Interstate 77 less than one mile away. The neighborhood character is established and community-oriented, featuring a mix of single-family housing and local businesses. Nearby amenities include various fast-food franchises, automotive services, and neighborhood parks. The location benefits from high visibility to passing motorists and proximity to local bus transit stops, supporting steady pedestrian and vehicular traffic throughout the day. The asset is ideally suited for net-leased investment or continued use as a high-frequency discount retail outlet. Its layout and location cater to national credit tenants seeking a footprint in stable, mid-market suburban environments. The typical tenant profile includes essential goods providers, pharmacy chains, or variety stores that prioritize ease of access and proximity to a large permanent resident base. Due to the site's accessibility and existing infrastructure, it functions most effectively for operators focused on convenience-based consumer goods and daily-needs shopping for the surrounding population.

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NOI
$80,000
Cap Rate
5.96%
DSCR
1.00
Tight
Cash-on-Cash
0.07%
Monthly Payment
$6,642.828
Annual Cash Flow
$286.061

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