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    575 Exchange St Akron, OH 44306

    Sponsored
    For Sale
    $575,000

    Freestanding retail building, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This attractive, freestanding retail building in Akron, Ohio, is offered at $575,000. Located at 575 E Exchange St, 44306, this 0.77-acre property boasts a convenient location near Route 8 entrance/exit ramps and the University of Akron. The building features a large showroom, a warehouse with a mezzanine level, a 12' overhead door and dock, a partial kitchen, several offices, and four restrooms. Ample parking is available in front and to the side, accommodating both cars and trucks. Recent improvements include a new roof and new flooring. The building is zoned U-4 and U-5, allowing for flexible commercial uses. An occupancy permit is in place for 120 occupants. A current tenant occupies the space until October 2024. This property presents a strong investment opportunity due to its versatile design, prime location, and recent upgrades. Significant storage space is available both inside and outside the building.

    Property Features for 575 Exchange St

    General Information

    Property type
    Retail properties
    Lot Size
    33,541 SF

    HighLights

    • Freestanding retail building.
    • Flexible use potential.
    • Convenient location near Route 8 and University of Akron.
    • Recently upgraded with new roof and flooring.
    • Features a 12' overhead door, dock, and occupancy permit for 120.
    Property Profile Location Intelligence

    Current Use by Public Records

    Exhale Hookah Hookah Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5027802
    Latitude
    41.0715236

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    FAQs

    What type of property is this?
    Retail property - Freestanding retail building, excellent location.
    Where is this retail property located?
    The property is located at 575 Exchange St Akron, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Freestanding retail building.; Flexible use potential.; Convenient location near Route 8 and University of Akron.
    Request Owner's contact information
    575 Exchange St Akron, OH 44306
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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
    575 Exchange St Akron, OH 44306
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