Property profile

572 W Market St Akron, OH 44303

FOR SALE
Office buildings
Property ID
US66-0515926
13,311 SF 1.19 ac lot Built 1963
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office space, located at 572 W Market St, Suite 5, Akron, OH 44313, offers a prime opportunity for a small business seeking convenient and affordable accommodations. The property is part of a larger building totaling 13,311 square feet, encompassing twelve individual suites in a multi-tenant configuration. This particular suite boasts 800 square feet of usable space, ideal for a retail business or a small office. Situated in Akron's vibrant Highland Square District, on the south side of West Market Street, west of Merriman Road, this location provides easy access to a variety of amenities. The area is known for its proximity to entertainment venues, shopping options, and other businesses, creating a dynamic and convenient environment. The property sits on a 1.46-acre lot and is zoned U-3. This listing presents a rare chance to secure a well-located, functional space within a thriving community. The building offers a traditional office layout with creative office potential, making it suitable for a range of business types. Don't miss this opportunity to establish your business in a desirable Akron location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction FRAME
Total area 13,311 SF
Lot 1.19 ac (51,836 SF)
APN 67-09439
UPID US66-0515926

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Association Or Organization Social Services Organization
  • Charitable Organization Social Service Agency
  • Association / Organization
  • Alternative Medicine Practice

Location

572 W Market St Akron, OH 44303
Akron metro Census 506600 AKRON, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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