Property profile

50 Walnut Ter Akron, OH 44303

OFF-MARKET
Specialty properties
0.4 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.4-acre commercial land parcel, located at 50 S Walnut, 159-166 Walnut Terrace in Akron, Ohio (zip code 44303), presents a unique investment opportunity. Priced at $1,150,000, this property is classified as Special Purpose land and offers significant potential for development. The site is situated in Summit County, Ohio, and benefits from its convenient location near schools, shopping, and dining options, as well as major transportation routes. While the previous structure on the land was a multi-family property, fully renovated in 2020 and featuring mostly three-bedroom, one-bathroom units, this listing is solely for the land itself. The property's previous strong rental history and proximity to amenities suggest a high demand for the location, making it attractive for various commercial ventures. The previous owner's property management services were offered, and a discounted rate was available for a one-year term. This offering provides a blank canvas for a discerning investor to create a profitable commercial development in a desirable Akron neighborhood. The coordinates for the property are 41.0863139 latitude and -81.5232024 longitude.

Property profile

Verified
Property type Specialty properties
Lot 0.4 ac (17,424 SF)

Cap rate & NOI

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

Location

50 Walnut Ter Akron, OH 44303
Akron metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 50 Walnut Ter?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message