640 Howard StAkron, OH 44310

Property Details for 640 Howard St

Lot size

0.69 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

67-07408

APU

6707408

Description

This exceptional 20,375 square foot, single-story retail building presents a remarkable opportunity. Currently configured as two suites, the property boasts a substantial 16,875 square feet of vacant space available for lease. The versatile interior is adaptable to a wide range of retail uses, offering significant potential for a variety of businesses. A smaller, 3,500 square foot suite is currently leased to The Rose Beauty Supply. The property sits on a generous 2.12-acre lot providing ample parking for approximately 160 vehicles. Its strategic location at the high-traffic corner of North Howard Street and Tallmadge Avenue ensures excellent visibility and accessibility. The area is densely populated with residential and retail establishments, creating a strong customer base. A significant advantage is its proximity to an elementary school with over 500 students, generating considerable foot traffic from families. The landlord is open to subdividing the vacant space down to 8,000 square feet to accommodate the right tenant. This property offers a unique blend of size, location, and flexibility, making it an ideal investment for discerning businesses seeking a prominent presence in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $8,402,467

  6.5%

  $7,756,123

  7%

  $7,202,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,084,824

  Geo Method

  $7,084,824

• Alternative Use

  Use

  Valuation

  Residential

  $6,542,580

  Hospitality

  $5,992,968

  Educational

  $4,986,079

  Medical

  $5,157,558

  Retail

  $7,756,123

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.103

Longitude

-81.5158

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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