103 Lake StKent, OH 44240

Property Details for 103 Lake St

Year built

1910

Lot size

0.11 AC

Property size (Sq ft)

1,680 SF

Property type

Retail properties

Property subtype

Retail space

APN

17-031-22-00-170

APU

170312200170

Description

This exceptional mixed-use property in Kent, Ohio, presents a unique redevelopment opportunity. Located on a high-traffic corner (.21 acres) at the intersection of Lake St, Crain Ave, and N Water St, this landmark property includes three buildings totaling 3,992 square feet. The main building, 103 Lake St, is a storefront with an apartment above. Two additional buildings, 115 Crain Ave (2-3 units) and 118 Lake St (2 units), offer licensed rental housing. All buildings are 100% occupied, generating immediate income. Built in 1900, the property boasts a two-story configuration and sits within the R-3 zoning district. The location offers excellent visibility and accessibility, with approximately 10,000 cars passing daily. Proximity to the Hike and Bike Trail, downtown Kent, and Kent State University adds significant value. This is a prime opportunity for investors seeking a high-return redevelopment project in a desirable location. The asking price is $1,150,000 ($288.08/sq ft). The property includes APNs 17-031-22-00-170-000 and 17-031-22-00-169-000. The property is offered by the principal owner.

Location Insight

City

Kent

County

Portage

State

Ohio

Latitude

41.1588

Longitude

-81.3576

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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