730 Market StAkron, OH 44302

Property Details for 730 Market St

Lot size

0.07 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

67-27162

APU

6727162

Description

This well-maintained, 9,342 square foot Class B office building is situated on a 0.59-acre lot at 730 W Market St, Akron, OH 44303. Built in 1966 and renovated in 1998, the single-tenant property features a blend of office space, conference rooms, and open areas, suitable for diverse business needs. Its convenient location between Downtown Akron and Fairlawn, within the Highland Square neighborhood, offers excellent visibility on West Market Street, a high-traffic area with over 22,000 vehicles per day. The property benefits from city utilities and public transportation access. Lower-level storage and ample on-site parking are additional features. Zoned UPD-5B Planned Development District Limited Business, this owner-user opportunity presents a compelling investment at $80.28 per square foot. The property's central location provides easy access to a variety of nearby restaurants, retail establishments, entertainment options, and other businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $889,002

  6.5%

  $820,617

  7%

  $762,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,592

  Geo Method

  $749,592

• Alternative Use

  Use

  Valuation

  Residential

  $692,221

  Hospitality

  $634,071

  Educational

  $527,540

  Medical

  $545,683

  Retail

  $820,617

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0755

Longitude

-81.4949

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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