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    1501 Aster Ave Akron, OH 44301

    Sponsored
    For Sale
    $150,000

    Thriving business, high-growth potential.

    Property size:
    4,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 4,800 sq ft retail building in Akron's Firestone Park Business District presents a unique investment opportunity. Located across from the public library, this property boasts excellent visibility and accessibility, with ample designated and street parking, plus convenient public bus access. The building, previously a pharmacy and currently a successful consignment store (operating 13 years), offers a versatile space with high ceilings (10-12 ft) and significant recent improvements (2006-2011). These include complete interior renovation to the cinder block walls, basement waterproofing, exterior excavation with a French drain, and a rooftop HVAC system upgrade. A half-bath was added in 2012. The main floor and a 2,400 sq ft unfinished basement provide ample space for various uses. The current consignment store includes local vendors, generating additional income streams. The business is currently operating only three days a week and by appointment, suggesting significant growth potential. All existing business contents are included in the sale. The property benefits from its location within Akron's Great Streets District, providing access to city support, grants, and financial assistance for storefront improvements. This prime location, surrounded by other shops and restaurants, ensures consistent foot traffic and business activity. The asking price is $150,000, and the 0.1-acre lot offers convenient parking.

    Property Features for 1501 Aster Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,800 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1929
    Property Profile Location Intelligence

    Current Use by Public Records

    Boardwalk Sales Thrift Store

    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
    -81.51437
    Latitude
    41.04216

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    FAQs

    What type of property is this?
    Retail property - Thriving business, high-growth potential.
    Where is this retail property located?
    The property is located at 1501 Aster Ave Akron, OH.
    What is the asking price?
    The asking price for this property is $150,000.
    (330) 722-7500
    Request Owner's contact information
    1501 Aster Ave Akron, OH 44301
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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
    1501 Aster Ave Akron, OH 44301
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