450 Grant St Akron, OH 44311

Property Details for 450 Grant St

Year built

1973

Construction

FRAME

Lot size

2.29 lot acres

Property size

29,186 SF

Property type

Office buildings

APN

67-35244

APU

6735244

Description

This exceptional executive office building, located at 450 Grant St in Akron, OH 44311, presents a compelling investment opportunity. The two-story, Class B property, built in 1973 and renovated in 1996, boasts a contemporary design with a stunning atrium and professionally landscaped grounds. The building features ample natural light, a modernized security system (updated 2021), and abundant parking on a 2.29-acre lot. A state-of-the-art fiber network provides high-speed internet access. Recent improvements include two-thirds roof replacement (2021), ensuring low future capital expenditures. Currently, three tenants occupy approximately 83% of the space, leaving two vacant units totaling 1,592 square feet, ranging from 684 to 908 contiguous square feet. This prime downtown location offers superb access to I-76, I-77, and OH-8, with abundant nearby shopping and dining options. The property benefits from a strong surrounding community with a population of 230,244 and an average household income of $54,542 within a five-mile radius. Daytime employment within five miles is 137,235, supported by approximately 10,298 businesses. The building's proximity to the University of Akron's campus further enhances its appeal. The Akron submarket comprises roughly 27.6 million square feet of office space, with recent consistent activity in property trades. This presents a significant opportunity for an investor to lease the vacant space at market rates and realize substantial upside potential.

Location Insight

City

Akron

County

Summit

State

Ohio

Longitude

-81.5186

Latitude

41.071

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments