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0 Romig Rd Akron, OH 44320

OFF-MARKET Land Google Maps
5.8 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 5.8-acre parcel, located on Romig Road in Akron, Ohio (Summit County, zip code 44320), presents a compelling development opportunity. The property, identified by APN 6712657, is zoned UPD-16, allowing for a range of uses. The asking price is $90,000. The site boasts convenient access to major transportation arteries, including I-77 and I-76, enhancing its appeal for various projects. Furthermore, the potential exists for expansion, with approximately 13.666 adjacent acres available, totaling roughly 19.466 acres. This presents a unique opportunity to acquire a larger contiguous land holding. Public water and sewer services are readily available, simplifying infrastructure needs. The property's multiple access points offer flexibility in design and development plans, catering to both single-family and multi-family residential projects, as well as various retail uses as outlined in zoning codes 153.245 & 153.270. This location offers significant potential for investors seeking to capitalize on Akron's growing market. Don't miss this chance to acquire a strategically located land parcel with substantial development potential.

Property profile

Verified
Property type Land
Lot 5.8 ac (252,648 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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