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    103 Lake St Kent, OH 44240

    Sponsored
    For Sale
    $1,150,000

    High-traffic corner, three buildings, redevelopment potential.

    Property size:
    3,992 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity encompasses three buildings situated on a highly visible 0.21-acre corner lot in Kent, Ohio, at the intersection of Lake Street, Crain Avenue, and North Water Street. The property, formerly home to Hutch Pet Shop, offers a unique blend of commercial and residential space, presenting significant redevelopment potential. The main building, located at 103 Lake Street, is a mixed-use structure featuring retail space on the ground floor and an apartment above. Additionally, the package includes a licensed rental house at 115 Crain Avenue, potentially containing two or three units, and a two-unit licensed apartment building at 118 Lake Street. All buildings are serviced by public utilities. This prime location boasts excellent visibility and accessibility, with an estimated daily traffic count of approximately 10,000 vehicles. Its proximity to the Hike and Bike Trail, downtown Kent, and Kent State University further enhances its appeal. The property's value is significantly attributed to its land, making it an attractive proposition for investors seeking a high-traffic location with substantial redevelopment possibilities. This landmark property is being offered for sale for the first time in over 50 years, presenting a rare chance to acquire a substantial portfolio in a thriving Ohio community. The total square footage across all three buildings is 3,992 square feet.

    Property Features for 103 Lake St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,992 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1900
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Kent
    County
    Portage
    State
    Ohio
    Longitude
    -81.35773
    Latitude
    41.15878

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    FAQs

    What type of property is this?
    Mixed-use property - High-traffic corner, three buildings, redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 103 Lake St Kent, OH.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (330) 296-9997
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    103 Lake St Kent, OH 44240
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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
    103 Lake St Kent, OH 44240
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