572 Market StAkron, OH 44303

Property Details for 572 Market St

Year built

1963

Construction

FRAME

Lot size

1.19 AC

Property size (Sq ft)

13,311 SF

Property type

Office properties

Property subtype

Office buildings

APN

67-09439

APU

6709439

Description

This exceptional office space, located at 572 W Market St, Suite 5, Akron, OH 44313, offers a prime opportunity for a small business seeking convenient and affordable accommodations. The property is part of a larger building totaling 13,311 square feet, encompassing twelve individual suites in a multi-tenant configuration. This particular suite boasts 800 square feet of usable space, ideal for a retail business or a small office. Situated in Akron's vibrant Highland Square District, on the south side of West Market Street, west of Merriman Road, this location provides easy access to a variety of amenities. The area is known for its proximity to entertainment venues, shopping options, and other businesses, creating a dynamic and convenient environment. The property sits on a 1.46-acre lot and is zoned U-3. This listing presents a rare chance to secure a well-located, functional space within a thriving community. The building offers a traditional office layout with creative office potential, making it suitable for a range of business types. Don't miss this opportunity to establish your business in a desirable Akron location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,531,448

  6.5%

  $2,336,721

  7%

  $2,169,812

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,245,111

  Geo Method

  $1,245,111

• Alternative Use

  Use

  Valuation

  Residential

  $2,897,534

  Hospitality

  $2,654,126

  Educational

  $2,208,201

  Medical

  $2,284,145

  Retail

  $3,434,980

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0924

Longitude

-81.5364

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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