Two-Business Mixed-Use
For Sale
$194,900
1903 Brown Street, Akron, OH 44301
A paved private lot serves a property configured for separate beauty and office businesses.
Property Size990 SF
Price / SF$196.87
Days on Market238
Property Features for 1903 Brown Street
General Information
Standard status
Active
Size
990 SF
Property subtype
Retail
Site & Location
Neighborhood
Firestone Park
Corner Location
Yes
Mixed-Use Components
retail, office
Additional Details
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$1,497
Amenities
paved private parking lot
Building Details
Building Size
990 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Life Stages Realty LLC
Listed By:
Nicolette Kuebeler · License #2022002552
(330) 322-3637
Source:
Lifestagesrealty
Added: Mar 3
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 Life Stages Realty LLC
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Investment Insights
Based on property information with market context.
This 990-square-foot mixed-use building dates to 1984 and is arranged for two businesses: a beauty shop and office space. A paved private parking lot serves customers and employees. The configuration also supports office, retail, medical, or other professional use.
The property occupies the corner of Brown Street and Waterloo Road, one-quarter mile from Route 8, between Cleveland and Canton.
The property occupies the corner of Brown Street and Waterloo Road, one-quarter mile from Route 8, between Cleveland and Canton.
Key Highlights
- 990‑square‑foot building constructed in 1984
- Configured for separate beauty shop and office businesses
- Paved private parking lot for customers and employees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,709
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,180
$234.2K
Cap Rate 7%
$167,271
$167.3K
Cap Rate 9%
$130,100
$130.1K
Market Conditions
NOI Build-Up for 990 SF
Gross rent
$16.8K $16.92/SF
− Vacancy
−$1.1K −$1.15/SF
EGI
$15.6K $15.77/SF
− OpEx
−$3.9K −$3.94/SF
NOI
$11.7K $11.83/SF
Area
Akron, OH
Vacancy
6.80%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,180
Cap Rate 7%
$167,271
Cap Rate 9%
$130,100
Alternative Uses
Best Use
Office B
$167.3K
$146.4K – $195.2K
NOI $11,709 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$159.7K
$139.7K – $186.3K
NOI $11,178 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$243.0K
$212.6K – $283.5K
NOI $17,007 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
Business Placement
Demographics for 44301, OH
14,364
Population
6,859
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
3,990
Density / Sq Mi
$52,134
Median Household Income
$34,553
Median Earnings
$990
Median Rent
$103,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A paved private lot serves a property configured for separate beauty and office businesses.
Where is this mixed-use property located?
The property is located at 1903 Brown Street Akron, OH.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: 990‑square‑foot building constructed in 1984; Configured for separate beauty shop and office businesses; Paved private parking lot for customers and employees
