103 Lake St Kent, OH 44240

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.