50 Walnut Ter Akron, OH 44303
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.