118 W Market Street Akron, OH $ 3,000,000
118 W Market Street
$ 3,000,000
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118 W Market Street

Akron, OH, 44303
$ 3,000,000
Baths0.0

Monthly Estimate*

$ 20,956

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Studio

Commercial Property for sale in Akron, OH

for $3,000,000. This building was built in 1932 on a lot size of 0.5137.

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.

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Commercial Active

Price

$ 3,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,740

Style

Lot Size

0.5137

Year Built

1932

Town/City

Akron

County/Region

Summit

MLS | Web ID

5029888

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Cooling None
Possession Negotiable
Roof Flat
Year Built 1932
Township Akron
Property SubType Warehouse
Tax Year 2023
Current Use MixedUse Warehouse
Business Type Commercial
County Summit
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Akron
Garage Y/N N
Building Features LoadingDock OverheadDoors
Status Active
Directions 77 to Route 8. Turn W onto E Market St. Building on lefthand side.
City Akron
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Akron CSD - 7701
Waterfront Y/N N
Carport Y/N N
Street Name Market
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 10740.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Building Area Units SquareFeet
Standard Status Active
Middle/Junior School District Akron CSD - 7701
Elementary School District Akron CSD - 7701
Property Sub Type Additional MixedUse
Buyer Agent Compensation Type Item1
Legal Description LOT 10 ALL LOT 16 W 1/2 K BLK M LOTS 17 18 ALL BATES ST
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Interior
Basement None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Parking Features OnSite Paved OnStreet
Water Source Public
Lot Size Area 0.5137
Spa N
Building Area Total 36979.0
Lot Size Acres 0.5137
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Jared E Dutton

Listing Agent

Keller Williams Legacy Group Realty

Broker

jdutton3@kw.com

Email

Affordability Calculator

$21,851
Per Month
96%
4%
0%
Monthly Principal & Interest
$20,956
Monthly Property Taxes
$895
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457648 Elementary School
4457391 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$3,000,000 Listed Price

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118 W Market Street, Akron, OH, 44303 is a Commercial Property for sale at $3,000,000 with a lot size of 0.5137. 118 W Market Street is a studio with 0.0 baths and was built in 1932. The property's zip code is 44303 which is in Akron, OH