931 Market StAkron, OH 44305

Property Details for 931 Market St

Lot size

1.50 AC

Property type

Office properties

APN

67-64156

APU

6764156

Description

Middlebury Commons offers 14,000 square feet of modern creative office space in Akron, Ohio. This 2019-built property features six suites, with a minimum divisible space of 2,333 square feet, perfect for a variety of businesses. The building boasts 70 parking spaces and enjoys a prime location at 931 E Market St, at the high-traffic intersection of East Market, East Exchange, and Broad Streets. Benefit from excellent visibility with ample windows along East Market Street offering southern and western exposure. Tenants can utilize the exterior plaza running the length of the building. The property's strategic location provides easy access to I-76 and SR-8, placing you near major employers like Goodyear Tire & Rubber Company's Global Headquarters, Dave's Supermarket, and the $1.4 million East End mixed-use redevelopment project. Furthermore, proximity to downtown Akron, Summa Health, and the University of Akron ensures a strong workforce pool and convenient access to amenities. The building is also conveniently located near the new global headquarters of Babcock and Wilcox in Akron. This property is part of a vibrant community, with a fire station and a thriving commercial area nearby. The building also shares its location with a 40-unit senior apartment complex, creating a built-in customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $12,451,087

  6.5%

  $11,493,311

  7%

  $10,672,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,124,158

  Geo Method

  $6,124,158

• Alternative Use

  Use

  Valuation

  Residential

  $14,251,706

  Hospitality

  $13,054,486

  Educational

  $10,861,179

  Medical

  $11,234,711

  Retail

  $16,895,168

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.072

Longitude

-81.4892

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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