411 Wolf Ledges Pkwy Akron, OH 44311
- Parking lots & garages
- 0.50 lot acres
Current Use by Public Records
- Rubber Division-American Chemical / Association / Organization
- A3T LLC / Research Foundation
- University of Akron Research Foundation / Corporate Office
- Active Duty Passive Income / Consultant
Property Details for 411 Wolf Ledges Pkwy
- Lot size
- 0.50 lot acres
- Property type
- Parking lots & garages
- APN
- 67-35237
- APU
- 6735237
Description
This exceptional 44,800 square foot, four-story office building at 411 Wolf Ledges Pkwy in Akron, Ohio, presents a compelling owner-user investment opportunity. The property, situated on a 2.16-acre lot, boasts 148 parking spaces—a rare find in downtown Akron. Built in 1970 and extensively renovated between 2007 and 2020 (including a new roof and HVAC systems in 2019), the building features modern amenities such as double-hung plate glass windows, an ADA-accessible elevator, and restrooms on each floor. Currently 64% occupied, this multi-tenant property offers significant upside potential. The building is zoned U4-Commercial and benefits from its location in a designated Opportunity Zone and HUBZone. Its proximity to University Park District, East Exchange Street, downtown Akron, restaurants, hospitals, and major highways (I-77/76 & SR 8) enhances its appeal. The University of Akron Research Foundation is the current owner. The asking price is $2,395,000 ($53.46/sq ft). Tenant improvement allowances are available. This meticulously maintained property represents a rare opportunity to acquire a substantial, well-located office building in a thriving Akron neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5195
- Latitude
- 41.0719
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
