1200 Market StAkron, OH 44305

  • Manufacturing properties
  • 71,857 SF

Property Details for 1200 Market St

Year built
1916
Property size (Sq ft)
71,857 SF
Property type
Manufacturing properties
APN
67-63856
APU
6763856

Description

The East End offers unparalleled Class A office space in a vibrant mixed-use redevelopment of the historic Goodyear Tire and Rubber Company headquarters. This 1.7 million square foot campus boasts five buildings with a total of eleven suites, providing flexible options ranging from 4,693 to 80,048 contiguous square feet. Currently, 263,719 square feet of office space is available for lease in multiple tenancy configurations. The property features expansive windows and high ceilings, ideal for both traditional and agile workspace designs. Enjoy a true live/work/play environment with on-campus amenities including a 24/7 fitness center, on-site security, a golf simulator, breakout spaces, a lobby bar, outdoor patio and green space courtyards, a 24/7 self-service convenience shop, a full-service cafeteria, laundry service, and various restaurant and brewery options. Convenient free surface parking is available, with monthly rates for indoor parking. The campus also includes two residential developments and a Hilton Garden Inn hotel. Enjoy easy access to major highways (I-77, I-76, and SR-8) and a short 5-minute drive to Downtown Akron. The Goodyear Theatre Concert Hall adds to the unique character of this exceptional location. This is a prime opportunity to secure high-quality office space in a dynamic and amenity-rich environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $31,814,600
    6.5%
    $29,367,300
    7%
    $27,269,600
  • Comparable approach

    Method
    Valuation
    Relative Method
    $10,754,400
    Geo Method
    $10,754,400
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $14,820,300
    Mixed-Use / Specialty
    $14,579,100
    Hospitality / Lodging
    $10,451,000
    Office
    $14,296,300
    Institutional / Educational
    $15,089,100
    Residential Income
    $17,654,200
    Multifamily
    $22,217,900
    Automotive / Energy
    $12,933,500
    Parking / Income-Based Land
    $4,649,310
    Restaurant / Food Service
    $7,180,650
    Healthcare / Senior Housing
    $15,143,800

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0654
Longitude
-81.4827
CBSA code
10420
CBSA name
AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,495
-
$454,430
$454,430
-
-
$1,298,370
$1,298,370

FAQs

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