705 Johnston St Akron, OH 44306-1235
This exceptional 22,794-square-foot warehouse, located at 705 Johnston Street in Akron, Ohio, presents a compelling investment opportunity. Recently renovated, the property boasts a brick veneer exterior and sits on a generous 1.74-acre lot, including over an acre of fenced-in outdoor storage space. The warehouse features impressive ceiling heights reaching up to 25 feet in the center, making it ideal for various industrial uses. Access is provided by three overhead doors (measuring 18' x 12', 14' x 10', and 10' x 12') and a 10' x 8' dock. The building is equipped with heavy power, including 3-phase power, and a 5-ton crane, enhancing its operational capabilities. Recent renovations encompass a new roof, a new overhead door, fresh paint throughout, new carpeting in the office spaces, updated lighting, and new flooring in the restrooms. The property's strategic location in Akron offers potential for visible highway signage, further increasing its appeal. The asking price is $910,000, with a price per square foot of $39.92. Note that an adjacent 11,439 SF office/warehouse building at 695 Johnston Street is also available for purchase.
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
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Property description
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