1025 Broadway StAkron, OH 44311

Property Details for 1025 Broadway St

Year built

1919

Lot size

0.34 AC

Property size (Sq ft)

45,386 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

67-02553

APU

6702553

Description

This unique Akron property at 1025 S Broadway St offers 11,000 square feet of immediately available office space in a 60,000 square foot building. The building, situated on a 0.51-acre lot, is a four-story structure built in 1919 and renovated in 2016, boasting a Class C rating. The space is adaptable for various uses, including traditional office, executive office, coworking, creative office, and even warehouse space, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 11,000 square feet. The building features multiple tenants and offers convenient amenities such as 20+ parking spaces and elevators. Security is enhanced with security cameras and motion detectors throughout, along with keypad/key entry to the first floor. The property is located in the Akron submarket of Summit County, Ohio, with easy access to South Main St. The building includes common area bathrooms and a kitchen. While the building has a history as a self-storage facility (basement and fourth floor), the available space is ideal for a variety of office configurations. Landlord is seeking short-term tenants (24-month leases). The property's APN is 6702553, 6805964, and the zip code is 44311. High ceilings and competitive pricing make this an attractive opportunity. Some space is move-in ready.

• CAP approach

  CAP return

  Valuation

  6%

  $12,688,127

  6.5%

  $11,712,118

  7%

  $10,875,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,698,424

  Geo Method

  $10,698,424

• Alternative Use

  Use

  Valuation

  Residential

  $9,879,609

  Hospitality

  $9,049,669

  Educational

  $7,529,218

  Medical

  $7,788,160

  Retail

  $11,712,118

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0586

Longitude

-81.527

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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