3120 Albrecht AveAkron, OH 44312

Property Details for 3120 Albrecht Ave

Year built

1900

Construction

FRAME

Lot size

0.57 AC

Property size (Sq ft)

3,744 SF

Property type

Other commercial real estate

APN

51-08090

APU

5108090

Description

This exceptional mixed-use property, located at 3120 Albrecht Avenue in Akron, Ohio, presents a lucrative investment opportunity. The 3,744 square foot building sits on a sizable 0.57-acre lot, offering ample parking and privacy. A recent, comprehensive remodel has revitalized the property, including a new furnace and complete electrical system upgrade. The upper residential unit boasts two spacious bedrooms and is currently leased for $1,250 per month, with the tenant responsible for all utilities. This provides immediate, consistent cash flow. The lower level commercial space, totaling a significant portion of the building's square footage, is ideally suited for a variety of uses, including an industrial workshop, retail store, or service-based business such as a tattoo parlor. Market analysis suggests a strong potential rental income of $2,500 per month for this space, with tenants covering all utilities. The combination of a well-maintained residential unit and a versatile commercial space creates a diversified income stream, minimizing risk and maximizing return on investment. The property's location in Akron, Ohio, offers convenient access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a turnkey, high-yield investment property with significant upside potential. The substantial lot size provides flexibility for future expansion or development. Don't miss this chance to secure a valuable asset in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $814,993

  Hospitality

  $746,529

  Educational

  $621,103

  Medical

  $642,464

  Retail

  $966,161

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0416

Longitude

-81.4187

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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