222 Main StAkron, OH 44308

Property Details for 222 Main St

Year built

1927

Lot size

0.26 AC

Property size (Sq ft)

11,265 SF

Property type

Office properties

Property subtype

Other office properties

APN

68-59406

APU

6859406

Description

This exceptional 12,048-square-foot retail property, located at 222 South Main Street in Akron, Ohio, presents a unique investment opportunity. Situated on a 0.852-acre lot (APN 6859404), this vacant Class C building offers significant potential for a variety of uses, currently zoned U-3. Built in 1927, the six-story structure boasts a prime downtown location between Lock 3 and Canal Park, offering high visibility and accessibility. The property's substantial size, combined with its desirable location, makes it ideal for a restaurant or storefront operation, or potentially other permitted uses under the U-3 zoning. The net rentable square footage is 12,048 square feet, spread across a single building. The asking price is $749,995. This property offers a rare chance to acquire a significant piece of Akron's vibrant downtown area. Video tours are available online. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,142,345

  6.5%

  $1,977,550

  7%

  $1,836,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,053,728

  Geo Method

  $1,053,728

• Alternative Use

  Use

  Valuation

  Residential

  $2,452,162

  Hospitality

  $2,246,167

  Educational

  $1,868,784

  Medical

  $1,933,055

  Retail

  $2,906,998

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0793

Longitude

-81.5208

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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