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    411 Wolf Ledges Pkwy Akron, OH 44311

    Sponsored
    For Sale
    $2,395,000

    Prime Akron Office Space, 44,800 SF

    Property size:
    44,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 44,800 square foot, four-story office building at 411 Wolf Ledges Pkwy in Akron, Ohio, presents a compelling owner-user investment opportunity. The property, situated on a 2.16-acre lot, boasts 148 parking spaces—a rare find in downtown Akron. Built in 1970 and extensively renovated between 2007 and 2020 (including a new roof and HVAC systems in 2019), the building features modern amenities such as double-hung plate glass windows, an ADA-accessible elevator, and restrooms on each floor. Currently 64% occupied, this multi-tenant property offers significant upside potential. The building is zoned U4-Commercial and benefits from its location in a designated Opportunity Zone and HUBZone. Its proximity to University Park District, East Exchange Street, downtown Akron, restaurants, hospitals, and major highways (I-77/76 & SR 8) enhances its appeal. The University of Akron Research Foundation is the current owner. The asking price is $2,395,000 ($53.46/sq ft). Tenant improvement allowances are available. This meticulously maintained property represents a rare opportunity to acquire a substantial, well-located office building in a thriving Akron neighborhood.

    Property Features for 411 Wolf Ledges Pkwy

    General Information

    Property type
    Office space
    Square Feet
    44,800 SF
    Lot Size
    94,090 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    4

    HighLights

    • 148 free parking spaces in Downtown Akron.
    • University Park District location, near East Exchange St.
    • Excellent access to downtown Akron amenities, hospitals, and major highways (I‑77/76 & SR 8).
    • Owner‑occupied and meticulously maintained.
    • $1 million invested in building upgrades, maintenance, and tenant improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rubber Division-American Chemical Association / Organization A3T LLC Research Foundation University of Akron Research ... Corporate Office Active Duty Passive ... Consultant

    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
    -81.520048226474
    Latitude
    41.072446255336

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    FAQs

    What type of property is this?
    Office space - Prime Akron Office Space, 44,800 SF
    Where is this office space located?
    The property is located at 411 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: 148 free parking spaces in Downtown Akron.; University Park District location, near East Exchange St.; Excellent access to downtown Akron amenities, hospitals, and major highways (I-77/76 & SR 8).
    Request Owner's contact information
    411 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
    411 Wolf Ledges Pkwy Akron, OH 44311
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