Finally got a lease signed on a dead strip mall in Akron

I been eyeing this old strip mall on Copley Road for almost 6 months. It's been half empty since 2019 and the parking lot is cracked to hell. But the rent was stupid cheap and it's right off the highway. Last week I finally got a tenant to sign for a laundromat in one of the empty units. Dude runs three other places in the city and says the traffic counts are solid. I had to fix the roof drain and add a new water line but it only cost me like $4k total. Seeing that space go from dark to a working business feels good. Anyone else have luck with neglected properties turning around?

2 comments

2 Comments

evan_harris1418h ago

You patched a roof drain for $4k? That's a steal. I had to replace the entire sewer line on a similar spot in Canton. Cost me 12 grand and three months of back and forth with the city. But once it's done, you're set. The water line thing is smart. I always check that first now. A lot of these old plazas have galvanized pipes ready to crack.

drew_grant5217h ago

Ain't it funny how old buildings always hide the expensive surprises?