1501 Aster Ave Akron, OH 44301
- Retail space
- 4,800 SF
- 0.11 lot acres
Current Use by Public Records
- Boardwalk Sales / Thrift Store
Property Details for 1501 Aster Ave
- Year built
- 1929
- Lot size
- 0.11 lot acres
- Property size
- 4,800 SF
- Property type
- Retail space
- APN
- 68-03831
- APU
- 6803831
Description
This 4,800 sq ft retail building in Akron's Firestone Park Business District presents a unique investment opportunity. Located across from the public library, this property boasts excellent visibility and accessibility, with ample designated and street parking, plus convenient public bus access. The building, previously a pharmacy and currently a successful consignment store (operating 13 years), offers a versatile space with high ceilings (10-12 ft) and significant recent improvements (2006-2011). These include complete interior renovation to the cinder block walls, basement waterproofing, exterior excavation with a French drain, and a rooftop HVAC system upgrade. A half-bath was added in 2012. The main floor and a 2,400 sq ft unfinished basement provide ample space for various uses. The current consignment store includes local vendors, generating additional income streams. The business is currently operating only three days a week and by appointment, suggesting significant growth potential. All existing business contents are included in the sale. The property benefits from its location within Akron's Great Streets District, providing access to city support, grants, and financial assistance for storefront improvements. This prime location, surrounded by other shops and restaurants, ensures consistent foot traffic and business activity. The asking price is $150,000, and the 0.1-acre lot offers convenient parking.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5143
- Latitude
- 41.0421
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
