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Property profile & analytics
FOR LEASE
Flex space

110 N Union St Akron, OH 44304

35,090 SF 2.98 ac lot Built 1954
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-2497271
Property summary
AI-generated overview

Gateway Marketplace presents a unique opportunity for commercial development in Akron, Ohio. This prime location offers two parcels of land, one measuring 1.35 acres and the other 1.16 acres, available for build-to-suit projects or ground leases. Situated on Perkins Street, a major thoroughfare connecting State Route 8 to downtown Akron, the property benefits from exceptional visibility and accessibility. Stark State College is directly across the street, providing a significant daily foot traffic and potential customer base. The area boasts a robust employment base, with over 110,000 employees and 6,000 businesses within a 5-mile radius. Major employers in close proximity include Summa Health System (7,500 employees), Akron General (7,000 employees), the University of Akron (4,000 employees and 25,000 students), Akron Children's Hospital (3,700 employees), Summit County Government (3,000 employees), and Stark State College (11,833 students). The high volume of traffic generated by these institutions, coupled with the proximity to Canal Park (340,000 annual visitors) and InfoCision Stadium (30,000-seat venue), creates a dynamic and high-traffic environment ideal for a variety of commercial ventures. This is an exceptional opportunity to establish a presence in a thriving Akron market with strong demographics and convenient access to major transportation routes.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1954
Total area 35,090 SF
Lot 2.98 ac (129,722 SF)
APN 67-28009
UPID US66-2497271
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$565k
CAP Approach CAP
by Request
Comparable Approach Comparable
$994k
Blend (final) Blend
$790k
Owner & transaction history
Famous Realty Of Cleveland INC · 6 yrs held
Famous Realty Of Cleveland INC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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