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    441 Wolf Ledges Pkwy Akron, OH 44311

    For Sale
    $2,395,000

    Akron Office Building, Value-Add Opportunity

    Property size:
    39,258 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Akron, Ohio office complex, located at 441 Wolf Ledges Parkway, presents a compelling value-add investment opportunity. The single, four-story building encompasses 39,258 square feet on a 1.6-acre lot, offering ample space for a variety of uses. Originally constructed in 1980, the property has undergone significant renovations in 2011, 2015, 2016, 2017, and 2018, including a new roof (2018) and a complete HVAC replacement and upgrade (2011 & 2018). The building features double-hung plate glass windows, an ADA-accessible elevator providing access to all floors, and conveniently located restrooms on each floor. The property is zoned U4 - Commercial and benefits from a tenant improvement allowance. Situated in a designated Opportunity Zone and HUBZone, this prime location offers easy access to downtown Akron, I-77/76 & SR 8, restaurants, hospitals, and the University Park District. The asking price is $2,395,000 ($61.01/sq ft). A significant advantage is the rare availability of free parking for 88 vehicles in downtown Akron. The building is owner-occupied and meticulously maintained, reflecting over a million dollars invested in upgrades, maintenance, and tenant improvements. This multi-tenant property presents a unique opportunity for owner-users seeking a well-maintained, strategically located office space with significant upside potential.

    Property Features for 441 Wolf Ledges Pkwy

    General Information

    Property type
    Office space
    Square Feet
    39,258 SF
    Lot Size
    69,696 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    4

    HighLights

    • Rare free parking for 88 vehicles in downtown Akron.
    • Located in the University Park District, near East Exchange St.
    • Excellent access to downtown Akron, I‑77/76 & SR 8, restaurants, and hospitals.
    • Owner‑occupied and meticulously maintained.
    • Over $1 million invested in building upgrades, maintenance, and tenant improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fair Housing Contact ... Non-Profit Organization Presper Financial Architects Financial Planner partners environmental Association / Organization Summit County Community ... Non-Governmental Organization KCI Akron Corporate Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Law Firm Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.519807
    Latitude
    41.0716553

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    FAQs

    What type of property is this?
    Office space - Akron Office Building, Value-Add Opportunity
    Where is this office space located?
    The property is located at 441 Wolf Ledges Pkwy Akron, OH.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: Rare free parking for 88 vehicles in downtown Akron.; Located in the University Park District, near East Exchange St.; Excellent access to downtown Akron, I-77/76 & SR 8, restaurants, and hospitals.
    Request Owner's contact information
    441 Wolf Ledges Pkwy Akron, OH 44311
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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
    441 Wolf Ledges Pkwy Akron, OH 44311
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