For Sale
$2,395,000

441 Wolf Ledges PkwyAkron, OH 44311

Akron Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Akron, Ohio office complex, located at 441 Wolf Ledges Parkway, presents a compelling value-add investment opportunity. The single, four-story building encompasses 39,258 square feet on a 1.6-acre lot, offering ample space for a variety of uses. Originally constructed in 1980, the property has undergone significant renovations in 2011, 2015, 2016, 2017, and 2018, including a new roof (2018) and a complete HVAC replacement and upgrade (2011 & 2018). The building features double-hung plate glass windows, an ADA-accessible elevator providing access to all floors, and conveniently located restrooms on each floor. The property is zoned U4 - Commercial and benefits from a tenant improvement allowance. Situated in a designated Opportunity Zone and HUBZone, this prime location offers easy access to downtown Akron, I-77/76 & SR 8, restaurants, hospitals, and the University Park District. The asking price is $2,395,000 ($61.01/sq ft). A significant advantage is the rare availability of free parking for 88 vehicles in downtown Akron. The building is owner-occupied and meticulously maintained, reflecting over a million dollars invested in upgrades, maintenance, and tenant improvements. This multi-tenant property presents a unique opportunity for owner-users seeking a well-maintained, strategically located office space with significant upside potential.

Highlights

  • Rare free parking for 88 vehicles in downtown Akron.
  • Located in the University Park District, near East Exchange St.
  • Excellent access to downtown Akron, I-77/76 & SR 8, restaurants, and hospitals.
  • Owner-occupied and meticulously maintained.
  • Over $1 million invested in building upgrades, maintenance, and tenant improvements.

Property Details for 441 Wolf Ledges Pkwy

Property type
Office properties, Office space
Square Feet
39,258 SF
Year Built
1980
Buildings
1
Stories
4
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0716553
Longitude
-81.519807
441 Wolf Ledges Pkwy, Akron, Ohio

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441 Wolf Ledges Pkwy
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