695 Johnston St Akron, OH 44306-1233
This exceptional Akron industrial property at 695 Johnston Street offers a versatile 11,439 square foot building, ideal for a variety of uses. Built in 1934, the structure combines 7,878 square feet of light manufacturing warehouse space with 3,561 square feet of well-appointed office space. The office area features a spacious training/conference room, a kitchen, four private offices, and three restrooms. The warehouse boasts a 16-foot ceiling height, a 14' x 12' overhead door, a 10' x 12' dock, and ample space for efficient operations. The property sits on a 0.62-acre lot, providing valuable secured outdoor storage space behind the building. The building benefits from 3-phase, 480V, and 600 amps of power. This property's strategic location offers excellent highway exposure, bordering I-76, providing significant signage opportunities. An adjoining property, a 22,794 square foot warehouse on 1.74 acres, is also available for purchase. This presents a unique opportunity to acquire a substantial combined industrial footprint. The asking price for this property is $450,000, with a price per square foot of $39.34.
-
Lorenzo's Properties Real Estate Agency
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.