About This Property
For sale is the 100% fee-simple interest in Eastgate Ellet Plaza, a Save-A-Lot anchored shopping center serving the densely-populated Ellet, Mogadore, and Lakemore neighborhoods in Akron, Ohio. The property is being offered for sale for the first time in 38 years and offers tremendous upside in leasing vacancies and converting gross leases to NNN as they roll over. The property features a wide mix of daily needs, internet resistant tenants including grocery, fitness, restaurants, nail salon, cellular, and others. With vacancies in a range of space sizes from 1,200-4,350 SF retail, 240-693 SF office, and a 20,000 SF bowling alley, the property is primed for a new owner to take over and immediately work to increase cash flow. Eastgate Ellet Plaza is located just one mile south of Interstate 76 and southeast of downtown Akron. It is the primary neighborhood shopping center and is shadow anchored by regional ACME grocery, a full line grocer that coexists perfectly with Save-A-Lot as ACME is full price and Save-A-Lot serves the cost conscious consumer. The property is surrounded by other retail, municipal services, and thousands of customers that can walk to the property. Nearby amenities include Hyre Middle School, Mogadore High School, Ellet Community Center, Ritzman Elementary School, and more.