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    262 South St Akron, OH 44311

    For Sale
    $550,000

    9,180 SF Vacant Convenience Store

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 9,180 square foot vacant retail building, built in 2007, presents a unique investment opportunity in Akron, Ohio. Formerly a Family Dollar, this Class C property boasts a prime location at 262 E South St, conveniently situated near Route 8, between Interstate 77 and E. South Street, benefiting from high daily traffic counts exceeding 137,000 vehicles. The 0.67-acre lot (APN 6758855) is zoned for retail use and offers significant potential for various commercial ventures. The property's strategic location places it within a 5-mile radius of major attractions and institutions, including Summa Health System, The University of Akron, Canal Park, and the Akron Zoo, ensuring high visibility and accessibility to a substantial population base of over 215,000 people. The asking price is $550,000 ($59.91/sq ft). The seller is open to exploring flexible financing options. This is an exceptional opportunity for investors seeking a high-traffic, well-located retail space in a thriving Ohio market.

    Property Features for 262 South St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,180 SF
    Class
    C
    Lot Size
    29,185 SF

    Building Details

    Year Built
    2007
    Buildings
    1

    HighLights

    • $550,000 asking price for a vacant 9,180 SF retail building.
    • Class C convenience store/storefront property.
    • Located at 266 E South St, Akron, OH 44311 on a 0.67‑acre lot (APN 6758855).
    • Built in 2007, with a price per square foot of $59.91.
    • Formerly occupied by Family Dollar, offering high visibility near Route 8 and significant daily traffic counts.
    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
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5177256
    Latitude
    41.06153

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    FAQs

    What type of property is this?
    Individual retail property - 9,180 SF Vacant Convenience Store
    Where is this individual retail property located?
    The property is located at 262 South St Akron, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for a vacant 9,180 SF retail building.; Class C convenience store/storefront property.; Located at 266 E South St, Akron, OH 44311 on a 0.67-acre lot (APN 6758855).
    Request Owner's contact information
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    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
    262 South St Akron, OH 44311
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