595 Miami St, Akron, OH 44311-1042
- Retail space
- 5,810 SF
- 0.71 lot acres
Current Use by Public Records
- PTSolutions Akron / Factory / Industrial Manufacturer
- JIS Distribution LLC. Akron/Canton Branch / Distribution Center / Logistics Company
Property Details for 595 Miami St
- Year built
- 1969
- Lot size
- 0.71 lot acres
- Property type
- Retail space
- APN
- 68-11289
- APU
- 6811289
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 29, 2025 | $305,000 | Community Support Services INC | The Cynthia E Lukovski Trust | Warranty Deed | — |
| — | — | Cynthie Lukouski | — | Deed Of Trust · related | $100k · Firstmerit Bank NA |
Description
This exceptional investment opportunity presents a single-tenant, 5,810 square foot flex building located at 595 Miami St, Akron, OH 44311. The property, built in 1969 and situated on a 0.705-acre lot (APN 6811289), boasts a strong net lease with a remaining term of approximately six months (expiring May 5, 2025). Currently 100% occupied, the building generates a substantial NOI of $69,600, resulting in an attractive 14.23% cap rate. The asking price is $489,000, translating to $84.17 per square foot. Key features include a recently updated roof (less than 5 years old), a new HVAC system, and ample parking. The property is zoned Akron U-5 and is ideally suited for service-based businesses. This is a rare chance to acquire a well-maintained, high-performing asset in a prime Akron location, offering immediate cash flow and significant upside potential. The building's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-maintenance, high-return investment. The property's strategic location provides easy access to major transportation routes and the downtown core, further enhancing its appeal.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $547,000
- AI Estimate
- $605,000
Market price range: $175k - $548kMarket price range: $188k - $605k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $635,000
- RESTAURANT
- $615,000
- AUTO REPAIR, GARAGE
- $580,000
- NEIGHBORHOOD: SHOPPING CENTER
- $545,000
- OFFICE BUILDING
- $465,000
- APARTMENT HOUSE (5+ UNITS)
- $395,000
- COMMERCIAL (GENERAL)
- $390,000
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Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5221
- Latitude
- 41.0667
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
