1016 Kenmore Blvd Akron, OH 44314-2114
This exceptional two-story commercial property, situated on a 0.08-acre lot at 1016 Kenmore Boulevard in Akron, Ohio, presents a unique investment and development opportunity. Boasting 7,680 square feet of versatile space, the building is ideally suited for a variety of uses, including retail, office, or a mixed-use development. The ground floor offers a spacious, open layout perfect for a retail business, restaurant, or service-oriented establishment. The upper level provides functional office space, allowing for expansion or additional revenue streams. Adding to its appeal, the property includes an attached efficiency apartment, currently rented for $650 per month, providing immediate and consistent cash flow from a long-term tenant. This reliable income stream offers a significant advantage for investors. Recent upgrades include a new furnace, air conditioning system, and water heater, ensuring the building is well-maintained and energy-efficient. The high-visibility location on the bustling Kenmore Boulevard corridor guarantees significant foot traffic and exposure, making this a prime opportunity for those seeking a strong presence in a thriving Akron commercial area. The property's size and versatility, combined with its existing income stream and recent updates, make it an attractive proposition for both investors and business owners. Don't miss this chance to acquire a well-maintained, income-producing property in a desirable location. The asking price is $100,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.