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    539 East Ave Akron, OH 44320

    For Sale
    $155,000

    Downtown Akron Investment Opportunity

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional Akron property offers a unique blend of commercial and residential income streams. The street-level retail space, currently operating as a beauty salon, boasts approximately 2,400 square feet with an open floor plan adaptable to various businesses. The salon features a separate shampoo area and a handicap-accessible restroom. Modern updates include recessed lighting and ceiling fans throughout. The property includes a three-car parking lot, supplemented by ample street parking. Upstairs, a spacious apartment unit provides additional income potential. This apartment features an open-concept kitchen with a built-in eating bar, a living room, three rooms (two bedrooms and one flexible space ideal for an office, storage, or additional bedroom), and comes with a home warranty. Appliances in the apartment are not included in the sale. The property sits on a 0.06-acre lot. A potential bundle with a vacant lot located two blocks away at 605 East Avenue is available for discussion. This turnkey investment presents a compelling opportunity for savvy entrepreneurs seeking a dual-income property in a desirable Akron location. The property's versatile layout and modern amenities make it an attractive option for both established businesses and new ventures. The combination of retail and residential space offers a unique and potentially lucrative investment opportunity.

    Property Features for 539 East Ave

    General Information

    Property type
    Retail properties
    Square Feet
    2,400 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Touch of Paris Nail Salon

    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
    -81.54934
    Latitude
    41.08331

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    FAQs

    What type of property is this?
    Retail property - Downtown Akron Investment Opportunity
    Where is this retail property located?
    The property is located at 539 East Ave Akron, OH.
    What is the asking price?
    The asking price for this property is $155,000.
    (440) 895-7290
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    Akron, OH 44320
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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
    539 East Ave Akron, OH 44320
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