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    FOR SALE
    Office buildings

    106 S Main St, Akron, OH 44308

    9,800 SF 0.23 ac lot Built 1929
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US66-2110302
    Property summary
    AI-generated overview

    This exceptional value-add investment opportunity presents a 27-story, 242,696 square foot traditional office building located at 106 S Main Street in Akron, Ohio's central business district. Originally constructed in 1931, the property underwent an extensive three-year restoration project between 2008 and 2011, including recent renovations to the building's arcade. The building boasts a significant amount of parking, offering a generous ratio of 12.5 spaces per 1,000 square feet, a considerable advantage in a bustling urban environment. Security is a top priority, with 24/7 on-site guard services ensuring the safety and protection of tenants and assets. This landmark property offers a unique blend of historical charm and modern functionality, presenting a compelling opportunity for investors seeking a substantial presence in Akron's thriving downtown core. The building's size and location make it ideal for a variety of uses, offering significant potential for future growth and development. Its prime location within the central business district provides easy access to a wide range of amenities, transportation options, and a vibrant business community. The substantial square footage and ample parking make this a truly remarkable opportunity in the Akron, Ohio market. The Summit County location and 44308 zip code further solidify its strategic position.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1929
    Total area 9,800 SF
    Lot 0.23 ac (10,106 SF)
    APN 68-23287
    UPID US66-2110302
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Architectural Greenery Architect Florist
    • Skoglund Rodney L Law Firm
    • Renner Kenner, LPA: Mark Weber Law Firm
    • Temple Square Interiors Furniture & Home Goods
    • #PrettyLashTag, LLC Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $630k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $412k
    Blend (final) Blend
    $630k
    Owner & transaction history
    Vos Lathrop Holdings LLC · 2 yrs held
    Vos Lathrop Holdings LLC
    since 2024
    Last sale
    $630,000
    3 recorded transactions
    2024
    $630,000
    2024
    2009
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.0M +31.9%
    Auto repair, garage $975,000 +24.0%
    Neighborhood: shopping center $915,000 +16.2%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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