1025 Broadway St Akron, OH 44311
- Showrooms
- 45,386 SF
- 0.34 lot acres
Current Use by Public Records
- Broadway Self Storage / Records Storage Facility / Storage Facility
- Growspectra / Lighting Store
- 2L Ellegance / Commercial Cleaning Service
- JM Robinson Photography / Photographer
Property Details for 1025 Broadway St
- Year built
- 1919
- Lot size
- 0.34 lot acres
- Property size
- 45,386 SF
- Property type
- Showrooms
- APN
- 67-02553
- APU
- 6702553
Description
This unique Akron property at 1025 S Broadway St offers 11,000 square feet of immediately available office space in a 60,000 square foot building. The building, situated on a 0.51-acre lot, is a four-story structure built in 1919 and renovated in 2016, boasting a Class C rating. The space is adaptable for various uses, including traditional office, executive office, coworking, creative office, and even warehouse space, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 11,000 square feet. The building features multiple tenants and offers convenient amenities such as 20+ parking spaces and elevators. Security is enhanced with security cameras and motion detectors throughout, along with keypad/key entry to the first floor. The property is located in the Akron submarket of Summit County, Ohio, with easy access to South Main St. The building includes common area bathrooms and a kitchen. While the building has a history as a self-storage facility (basement and fourth floor), the available space is ideal for a variety of office configurations. Landlord is seeking short-term tenants (24-month leases). The property's APN is 6702553, 6805964, and the zip code is 44311. High ceilings and competitive pricing make this an attractive opportunity. Some space is move-in ready.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,150,000
- 6.5%
- $2,190,000
- 7%
- $1,920,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,870,000
- Geo Method
- $1,950,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,085,000
- Retail
- $2,105,000
- Mixed-Use
- $2,270,000
- Hospitality
- $2,020,000
- Educational
- $1,965,000
- Residential Income
- $1,950,000
- Energy
- $1,700,000
- Income-Based Land
- $1,845,000
- Food Service
- $2,285,000
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.527
- Latitude
- 41.0586
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
