118 Market St 122 Akron, OH 44303-2359
This exceptional Akron property, located at 118 W Market St, offers 36,979 square feet of versatile space, currently 100% occupied. The building, constructed in 1932, features a Class B designation and boasts a two-story design with a 20-foot ceiling height. Three dock-high doors facilitate efficient loading and unloading. The property sits on a 0.51-acre lot and is zoned U4 Commercial and U3 Retail, presenting significant redevelopment potential. Its strategic location near Route 8 and I-77 provides unparalleled access to major transportation arteries. The asking price is $2,750,000, translating to $74.37 per square foot. This mixed-use property, previously utilized as a mattress factory, presents a unique opportunity for developers and business owners seeking a prime location in a thriving area. The existing structure's capacity for expansion offers potential for high-density residential or commercial development. Three-phase power is already in place, streamlining the development process. This is a rare chance to acquire a substantial property in a highly desirable Akron location with significant upside potential. The property's APN is 6839927.
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Time Traveler Records (Bike/Boat/Book/etc) Store
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Summit Nonprofit Housing Inc Charitable Organization Social Service Agency
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George R Stevens & Associates Inc Insurance Agency
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
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.