Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland
$2,970,000
Smith Centre
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 58,440
Units 11
Cap Rate 8.00%
NOI $237,573
Occupancy 83%
Tenancy Multi
Year Built 1955
Buildings 1
Stories 1
Acreage 3.160
Ground Lease No
83% Occupied, 58,440 SF Neighborhood Center in Dense Akron MSA Location
Marketing description
This property is part of a six property portfolio, the property can be purchased alone or with other properties in the portfolio. Please see OM for details.
Investment highlights
• 83% Occupied, 58,440 SF Neighborhood Center in Dense Akron MSA Location
• 17,636 VPD on State Rd, with Excellent Frontage/Visibility, on one of MSA’s Top Corridors
• Dense Population Base: 13K / 89K / 198K Residents within 1 / 3 / 5-Miles
• Extremely Low $5.41/SF NNN Average In-Place Rent
• Anchored by Dollar General (Long-Term Lease thru 8/2032) & Goodwill (Recent Lease Extension in 2026)
• Service-Based Tenant Mix Providing Recession-Resistant Demand
• 3 Miles North on State Road from Downtown Akron (702K Person MSA)
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,573.00
$19,797.75/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
Map
Zoning
MU-4 SpecialSub Urban Corridor
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View all 95 uses
View all 95 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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