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Commercial Building with Parking Lots
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118-122 West Market Street, Akron, OH 44311

36,979 SF commercial building with two adjoining parking lots on West Market Street in Akron, OH.

Property Size36,979 SF
Days on Market135

Property Features for 118-122 West Market Street

General Information

Standard status Active
Size 36,979 SF
Property subtype Multifamily, Office, Industrial

Additional Details

Highway Access Yes
Listing Agency: Gerspacher Real Estate Group
Listed By: Sam Tecca · License #OH
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 4:34PM

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 Gerspacher Real Estate Group

Investment Insights

Based on property information with market context.

118-122 West Market Street is a 36,979 SF commercial building with two adjoining parking lots. The property is described as the “Gateway to the City of Akron” and offers flexibility for redevelopment. Height regulations are approximately 75 feet (4–5 floors), and the existing structure is noted as allowing potential for up to 220,000+/- SF of development.

The site is located on West Market Street, with highway exposure from Route 59 and views overlooking the City of Akron. It is positioned close to downtown Akron and The University of Akron. The redevelopment concept described includes the possibility of a high-density multifamily building with more than 100 units or a hotel.

Annual taxes are listed at $19,242.

Key Highlights

  • 36,979 SF commercial building at 118‑122 West Market Street in Akron, OH
  • Two adjoining parking lots included with the property
  • Gateway/Cadillac Hill site with highway exposure from Route 59 and overlooking the City of Akron

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Locksmith Acupuncture Pet Grooming Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,908
Businesses Nearby

Demographics for 44311, OH

6,993
Population
3,400
Households
2.1
Avg Household Size
28
Median Age
10%
College-Educated
79%
High-School Grad
1.9 sq mi
ZIP Area
3,681
Density / Sq Mi
$23,857
Median Household Income
$14,953
Median Earnings
$790
Median Rent
$64,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 36,979 SF commercial building with two adjoining parking lots on West Market Street in Akron, OH.
Where is this apartment building located?
The property is located at 118-122 West Market Street Akron, OH.
What are key features of this property?
This property features: 36,979 SF commercial building at 118‑122 West Market Street in Akron, OH; Two adjoining parking lots included with the property; Gateway/Cadillac Hill site with highway exposure from Route 59 and overlooking the City of Akron
(330) 722-5002 Call to check price and availability
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