118-122 W Market St
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118-122 W Market St
36,979 SF Retail Building Akron, OH 44303 £2,169,750 (£59/SF)
Executive Summary
Attention developers and business owners! Here's your chance to own a versatile property in Akron that's bursting with potential. Almost 37,000 square feet of retail and warehouse space awaits your creative vision, just minutes from Route 8 and I-77. This prime development opportunity is strategically positioned as close to Downtown Akron as you can get, offering unparalleled convenience and accessibility for your business ventures.
The property, zoned for U4 commercial and U3 retail use, opens doors to a myriad of possibilities. Whether you envision a mixed-use development incorporating retail, office, or multifamily spaces, this property provides the ideal canvas for your ambitions. With the existing structure capable of accommodating additional levels, the potential for high-density multifamily housing with over 100 units or even a hotel is within reach.
Ample parking and a rich history as the "Gateway to Akron" or "Cadillac Hill" add further allure to this investment opportunity. Plus, with three-phase power already available on-site, you can hit the ground running with your development plans.
Seize this unique opportunity to be a part of Akron's growth and success story.
The property, zoned for U4 commercial and U3 retail use, opens doors to a myriad of possibilities. Whether you envision a mixed-use development incorporating retail, office, or multifamily spaces, this property provides the ideal canvas for your ambitions. With the existing structure capable of accommodating additional levels, the potential for high-density multifamily housing with over 100 units or even a hotel is within reach.
Ample parking and a rich history as the "Gateway to Akron" or "Cadillac Hill" add further allure to this investment opportunity. Plus, with three-phase power already available on-site, you can hit the ground running with your development plans.
Seize this unique opportunity to be a part of Akron's growth and success story.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
36,979 SF
Building Class
C
Year Built/Renovated
1932/1984
Price
£2,169,750
Price Per SF
£59
Tenancy
Multiple
Number of Floors
2
Loading Docks
3 Exterior
Building FAR
0.57
Land Acres
1.50 AC
Opportunity Zone
Yes
Zoning
U4 Commercial & U3 Retail - Commercial and Retail
Parking
108 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
527 ft on W Market St
Amenities
- Bus Route
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Total Assessment | £209,060 | |
Land Assessment | £88,440 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £120,620 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£88,440
Improvements Assessment
£120,620
Total Assessment
£209,060
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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118-122 W Market St
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