Versatile Commercial Land Near I-76

136 Tallmadge Road, Kent, OH 44240

View on Map

For Sale

$350,000

Integrated commercial land suitable for retail, office, or residential development.

Type:Commercial/Industrial

Property size:

1,510 SF

Lot size:

0.65 Acres

Price / SF:

$231/SF

HighLights

Prime location: Less than a minute from I‑76.
Integrated Commercial zoning: Offers flexibility for retail, office, or multi‑family residential use.
Existing house: Can be renovated for office space.
Utilities available: Electric, gas, and public sewer.
Water access: Available just east of the property.
Existing structure: There is currently a house on the property.

We can help!

Listing Contact

Steve Thompson

For Sale

$350,000

Integrated commercial land suitable for retail, office, or residential development.

Type:Commercial/Industrial

Property size:

1,510 SF

Lot size:

0.65 Acres

Price / SF:

$231/SF

Added:: Nov 13, 2024
Days on Market:: 577
Last Refresh:: May 19 at 11:31 pm

Property Features for 136 Tallmadge Road

General Information

Standard status: Active
Size: 1,510 SF
Lot size: 0.65 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1930

We can help!

Listing Contact

Steve Thompson

Listing agent Steve Thompson License #2019000397

Listing office Berkshire Hathaway HomeServices Stouffer Realty

Listing date Nov 13, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Stouffer Realty

HighLights

Prime location: Less than a minute from I‑76.
Integrated Commercial zoning: Offers flexibility for retail, office, or multi‑family residential use.
Existing house: Can be renovated for office space.
Utilities available: Electric, gas, and public sewer.
Water access: Available just east of the property.
Existing structure: There is currently a house on the property.

Overview

This property is located within a minute of I-76 and is near many retail establishments. Zoned integrated commercial, the property offers flexibility for uses ranging from retail to professional office to multi-family residential. There is an occupied house on the property that could be renovated for office space. Electric, gas, and public sewer are available. Water is available just to the east of the property. The property size is approximately 1510 square feet. Lot frontage and lot dimensions are approximate.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$32.4k	$21.48
− Vacancy	−$7.8k	−$5.13
EGI	$24.7k	$16.35
− OpEx	−$6.2k	−$4.09
NOI	$18.5k	$12.26

1,510 SF · lease $21.48/SF/yr · vacancy 23.90% · expense 25.00%

Alternative Uses

Best Use

Office B

$264.5K

$231.4K – $308.5K (±1% cap)

NOI $18,512 @ 7.0% cap · market cap 5.29%

Second Best

Apartment 5plus

$173.8K

$152.1K – $202.8K (±1% cap)

NOI $12,165 @ 7.0% cap · market cap 3.48%

Theoretical Best

Office A

$304.2K

$266.1K – $354.9K (±1% cap)

NOI $21,291 @ 7.0% cap · market cap 6.08%

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

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Kent
County: Portage
State: Ohio
Longitude: -81.3887
Latitude: 41.1002

Nearby Similar for Sale

$600,000

Brick Ranch Duplex Package

Six 2-bedroom duplex units across three brick buildings, currently managed, offered as a single package.

525 Irma Street, Kent, OH 44240

View Details
$339,900

1,740 SF

Kent Multifamily Investment Opportunity

Single family house and duplex on one corner lot.

612 Cuyahoga Street, Kent, OH 44240

View Details
$339,900

1,740 SF

Multifamily Property in Kent, Ohio

Single-family house and duplex on a corner lot.

612 CUYAHOGA STREET, KENT, OH 44240

View Details
$215,000

2,100 SF

Income-Producing Multifamily Near Kent State

Multifamily property near Kent State, ideal for rental income.

209 Dodge Street, Kent, OH 44240

View Details
$240,000

2,067 SF

Spacious Home Near Kent University

4-bedroom, 2-bath home near downtown Kent and Kent State.

1039 Anna Avenue, Kent, OH 44240

View Details
$185,000

Unique Geodesic Dome Property

Iconic dome building suitable for various commercial ventures.

166 Currie Hall, Kent, OH 44240

View Details
$659,000

1,708 SF

Highway Commercial Property For Sale

1,708 SF building on 0.92 acres in high-traffic area.

4260 State Route 43, Kent, OH

View Details
$399,000

Kent, OH Commercial Land

1.86 acres of highway commercial land in Kent, OH.

vl state route 43, Kent, OH 44240

View Details
$300,000

1,288 SF

Commercial Lot on Tallmadge Road

0.55 acre commercial lot with frontage on Tallmadge Road.

166 Tallmadge Road, Kent, OH 44240

View Details
$899,000

12,520 SF

Renovated Aurora Warehouses with Expansion Potential

Recently renovated warehouses on 3.01 acres with expansion potential.

11415 Chamberlain Rd, Kent, OH

View Details
$630,000

6 SF

6.3 Acre Commercial Land Parcel

Located in a regional power center with high traffic counts.

4050 Cascades Boulevard, Kent, OH, 44240

View Details
$500,000

1 SF

1.33 Acre Development Opportunity

1.33 acre development opportunity with high visibility and traffic.

496 Tallmadge Rd, Kent, OH 44240

View Details

For sale
Commercial land
OH
Kent
44240
136 Tallmadge Road

What type of property is this?

Commercial land - Integrated commercial land suitable for retail, office, or residential development.

Where is this commercial land located?

The property is located at 136 Tallmadge Road Kent, OH.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Prime location: Less than a minute from I‑76.; Integrated Commercial zoning: Offers flexibility for retail, office, or multi‑family residential use.; Existing house: Can be renovated for office space.

136 Tallmadge Road, Kent, OH 44240

Integrated commercial land suitable for retail, office, or residential development.

Property Features for 136 Tallmadge Road

General Information

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Brick Ranch Duplex Package

Kent Multifamily Investment Opportunity

Multifamily Property in Kent, Ohio

Income-Producing Multifamily Near Kent State

Spacious Home Near Kent University

Unique Geodesic Dome Property

Highway Commercial Property For Sale

Kent, OH Commercial Land

Commercial Lot on Tallmadge Road

Renovated Aurora Warehouses with Expansion Potential

6.3 Acre Commercial Land Parcel

1.33 Acre Development Opportunity

FAQs

Create New Password