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    1016 Kenmore Blvd Akron, OH 44314

    Sponsored
    For Sale
    $100,000

    Prime Akron Office/Retail Opportunity

    Property size:
    7,680 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional two-story commercial property, situated on a 0.08-acre lot at 1016 Kenmore Boulevard in Akron, Ohio, presents a unique investment and development opportunity. Boasting 7,680 square feet of versatile space, the building is ideally suited for a variety of uses, including retail, office, or a mixed-use development. The ground floor offers a spacious, open layout perfect for a retail business, restaurant, or service-oriented establishment. The upper level provides functional office space, allowing for expansion or additional revenue streams. Adding to its appeal, the property includes an attached efficiency apartment, currently rented for $650 per month, providing immediate and consistent cash flow from a long-term tenant. This reliable income stream offers a significant advantage for investors. Recent upgrades include a new furnace, air conditioning system, and water heater, ensuring the building is well-maintained and energy-efficient. The high-visibility location on the bustling Kenmore Boulevard corridor guarantees significant foot traffic and exposure, making this a prime opportunity for those seeking a strong presence in a thriving Akron commercial area. The property's size and versatility, combined with its existing income stream and recent updates, make it an attractive proposition for both investors and business owners. Don't miss this chance to acquire a well-maintained, income-producing property in a desirable location. The asking price is $100,000.

    Property Features for 1016 Kenmore Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,680 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1917
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.56022
    Latitude
    41.04252

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Akron Office/Retail Opportunity
    Where is this office property / space located?
    The property is located at 1016 Kenmore Blvd Akron, OH.
    What is the asking price?
    The asking price for this property is $100,000.
    (440) 205-2000
    Request Owner's contact information
    1016 Kenmore Blvd Akron, OH 44314
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    Akron, OH 44314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1016 Kenmore Blvd Akron, OH 44314
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