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Property profile & analytics
OFF-MARKET
Parking lots & garages

118 Market St 122 Akron, OH 44303-2359

0.05 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-3936351
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.05 ac (2,309 SF)
APN 68-31180
UPID US66-3936351
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
  • Time Traveler Records (Bike/Boat/Book/etc) Store
  • Summit Nonprofit Housing Inc Charitable Organization Social Service Agency
  • George R Stevens & Associates Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Evergreen Homes LLC · 21 yrs held
Evergreen Homes LLC
since 2005
3 recorded transactions
2005
$790,000
2005
Price N/A
1998
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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