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    110 Union St Akron, OH 44304

    Sponsored
    For Lease
    Contact for pricing

    Akron commercial land, build-to-suit options.

    Lot size:
    58,806 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Gateway Marketplace presents a unique opportunity for commercial development in Akron, Ohio. This prime location offers two parcels of land, one measuring 1.35 acres and the other 1.16 acres, available for build-to-suit projects or ground leases. Situated on Perkins Street, a major thoroughfare connecting State Route 8 to downtown Akron, the property benefits from exceptional visibility and accessibility. Stark State College is directly across the street, providing a significant daily foot traffic and potential customer base. The area boasts a robust employment base, with over 110,000 employees and 6,000 businesses within a 5-mile radius. Major employers in close proximity include Summa Health System (7,500 employees), Akron General (7,000 employees), the University of Akron (4,000 employees and 25,000 students), Akron Children's Hospital (3,700 employees), Summit County Government (3,000 employees), and Stark State College (11,833 students). The high volume of traffic generated by these institutions, coupled with the proximity to Canal Park (340,000 annual visitors) and InfoCision Stadium (30,000-seat venue), creates a dynamic and high-traffic environment ideal for a variety of commercial ventures. This is an exceptional opportunity to establish a presence in a thriving Akron market with strong demographics and convenient access to major transportation routes.

    Property Features for 110 Union St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    58,806 SF

    Unit(s) available at that property

    Space
    Size
    58,806 SF

    HighLights

    • 1.35 AC and 1.16 AC parcels available for build‑to‑suit or ground lease.
    • Located on Perkins Street, a major Akron thoroughfare connecting SR 8 to downtown.
    • Across the street from Stark State College.
    • High‑density employment area: Over 110,000 employees and 6,000 businesses within a 5‑mile radius.
    • Excellent access to SR 8.
    • Proximity to major employers including Stark State College, Summa Health System, Akron General, University of Akron, Akron Children's Hospital, Summit County Government, Canal Park, and InfoCision Stadium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5063352
    Latitude
    41.0850081

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    FAQs

    What type of property is this?
    Land - Akron commercial land, build-to-suit options.
    Where is this land located?
    The property is located at 110 Union St Akron, OH.
    What are key features of this property?
    This property features: 1.35 AC and 1.16 AC parcels available for build-to-suit or ground lease.; Located on Perkins Street, a major Akron thoroughfare connecting SR 8 to downtown.; Across the street from Stark State College.
    Request Owner's contact information
    110 Union St Akron, OH 44304
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    Akron, OH 44304
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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
    110 Union St Akron, OH 44304
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