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    103 Lake St Kent, OH 44240

    Sponsored
    For Sale
    $1,150,000

    High-traffic corner, 6 units, redevelopment potential

    Property size:
    3,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Kent, Ohio, presents a unique redevelopment opportunity. Located on a high-traffic corner (.21 acres) at the intersection of Lake St, Crain Ave, and N Water St, this landmark property includes three buildings totaling 3,992 square feet. The main building, 103 Lake St, is a storefront with an apartment above. Two additional buildings, 115 Crain Ave (2-3 units) and 118 Lake St (2 units), offer licensed rental housing. All buildings are 100% occupied, generating immediate income. Built in 1900, the property boasts a two-story configuration and sits within the R-3 zoning district. The location offers excellent visibility and accessibility, with approximately 10,000 cars passing daily. Proximity to the Hike and Bike Trail, downtown Kent, and Kent State University adds significant value. This is a prime opportunity for investors seeking a high-return redevelopment project in a desirable location. The asking price is $1,150,000 ($288.08/sq ft). The property includes APNs 17-031-22-00-170-000 and 17-031-22-00-169-000. The property is offered by the principal owner.

    Property Features for 103 Lake St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,992 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1900
    Buildings
    3
    Stories
    2
    Units
    6

    HighLights

    • Exceptional mixed‑use redevelopment opportunity in Kent, Ohio.
    • High‑traffic corner lot (.21 acres) at Lake St, Crain Ave, and N Water St intersection.
    • Three buildings totaling 3,992 square feet, 100% occupied, generating immediate income.
    • Main building (103 Lake St) features storefront and upper apartment; additional buildings (115 Crain Ave & 118 Lake St) offer rental units.
    • R‑3 zoning, high visibility, ~10,000 cars daily, near Hike & Bike Trail, downtown Kent, and Kent State University.
    • Asking price: $1,150,000 ($288.08/sq ft). APNs: 17‑031‑22‑00‑170‑000 and 17‑031‑22‑00‑169‑000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -81.358033604721
    Latitude
    41.158690559925

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner, 6 units, redevelopment potential
    Where is this individual retail 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.
    What are key features of this property?
    This property features: Exceptional mixed-use redevelopment opportunity in Kent, Ohio.; High-traffic corner lot (.21 acres) at Lake St, Crain Ave, and N Water St intersection.; Three buildings totaling 3,992 square feet, 100% occupied, generating immediate income.
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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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