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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.

Attachments

118 W Market St

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating 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

Starbucks
KeyBank
PNC Bank
Fifth Third Bank
Huntington Bank
Akron Area YMCA Corporate Office
Chase Bank
Davinci's Pizza
Citizens Bank
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 68-31179
  • 68-31181
  • 68-47700
  • 67-47761
  • 68-39927
  • 68-39939
  • 68-31182
  • 68-31180
  • 68-47699
  • 68-39925
  • 68-39943
Land Assessment
£88,440
Improvements Assessment
£120,620
Total Assessment
£209,060
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 31666893

  • Date on Market: 01/05/2024

  • Last Updated:

  • Address: 118-122 W Market St, Akron, OH 44303

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