520 S Main St Akron, OH 44311
For Lease
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Canal Place presents a unique investment opportunity in Summit County. This historic property, formerly the BFGoodrich rubber factory, boasts a rich industrial heritage now reimagined as a vibrant mixed-use space. The 2.622-acre site comprises five buildings, each rising six stories, offering a total of over 1 million square feet of space. Currently, one 13,790 square foot office space is available for lease within this multi-tenant complex. The property is zoned U-1, allowing for diverse uses. Built in 1908, the buildings retain their character while offering modern adaptability. The property's multiple buildings and various floorplates provide flexibility for a range of business needs, from small startups to larger enterprises. The substantial lot size and existing infrastructure offer significant potential for future development or expansion. The property's location in Summit County provides access to a thriving local economy and convenient transportation links. With its blend of history and modern functionality, Canal Place offers a compelling opportunity for businesses seeking a distinctive and adaptable workspace. The property's APN numbers are 6763927 and 6763928. The Class B designation reflects the property's well-maintained condition and functional design. The number of suites is currently zero, indicating the potential for customized space configurations.
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Apex Companies, LLC Environmental Consultant
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Actech Software (Bike/Boat/Book/etc) Store Corporate Office
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SACS Consulting & Investigative Services, Inc. Employment Agency Business Service Center
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Quikey Computer Systems Electronics & Wireless Store
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PerkinElmer Medical Supply Store
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
Similar Nearby for Lease
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.