481 Market St Akron, OH 44303
- Office buildings
- 2,288 SF
- 0.12 lot acres
Current Use by Public Records
- Lake Land Employment Group - AKRON / Employment Agency
- Jackson Hewitt Tax Service / Accountant
Property Details for 481 Market St
- Year built
- 1960
- Lot size
- 0.12 lot acres
- Property size
- 2,288 SF
- Property type
- Office buildings
- APN
- 68-05951
- APU
- 6805951
Description
This exceptional 2,288 square foot mixed-use building, located at the highly visible corner of West Market and North Blake Streets in Akron, Ohio, presents a remarkable investment opportunity. The brick structure previously housed a Jackson Hewitt tax office and is now vacant, ready for immediate occupancy following the title transfer. The property boasts ample parking for ten vehicles, a significant advantage in a bustling urban setting. Its versatile layout makes it ideal for a variety of uses, including office space, retail ventures, a deli, or a restaurant. The 0.12-acre lot provides convenient access and visibility. This property offers a compelling combination of location, size, and adaptability. The asking price is $299,900. Flexible financing options are available, including cash purchases, conventional financing, and owner financing with a 30% down payment. This is a rare chance to acquire a well-situated commercial property in a thriving Akron neighborhood. The building's solid construction and prime location ensure strong potential for return on investment. Don't miss this opportunity to secure a valuable asset in a desirable area. Contact us today to schedule a viewing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $360,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $325,000
- Mixed-Use
- $375,000
- Hospitality
- $360,000
- Educational
- $350,000
- Residential Income
- $370,000
- Energy
- $315,000
- Income-Based Land
- $310,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5329
- Latitude
- 41.0923
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA