905 Miami StAkron, OH 44311

Property Details for 905 Miami St

Year built

1915

Lot size

3.30 AC

Property size (Sq ft)

25,275 SF

Property type

Showrooms

APN

67-55357

APU

6755357

Description

This exceptional industrial property, located at 905 Miami Street in Akron, Ohio, presents a compelling investment opportunity. The single-story, 28,098-square-foot building sits on a generous 3.29-acre lot and offers a versatile layout suitable for various industrial uses, including distribution, manufacturing, and warehousing. The building features 25,579 square feet of warehouse space and 2,519 square feet of office space. High ceilings, ranging from 12 to 15 feet, provide ample vertical clearance. Loading and unloading are facilitated by two loading docks and three grade-level doors. The property boasts significant laydown yard space and ample parking. The property is zoned U-5 Ordinary Industrial and benefits from its location in an Opportunity Zone. Its strategic location provides superior highway access, just minutes from Interstates 76 and 77, ensuring efficient transportation and logistics. The building was constructed in 1915 and is classified as Class C. The asking price is $880,000, translating to $31.32 per square foot. The property's features include 3-phase 480-volt power. The Assessor's Parcel Number (APN) is 6755357.

• CAP approach

  CAP return

  Valuation

  6%

  $7,065,888

  6.5%

  $6,522,358

  7%

  $6,056,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,957,843

  Geo Method

  $5,957,843

• Alternative Use

  Use

  Valuation

  Residential

  $5,501,854

  Hospitality

  $5,039,668

  Educational

  $4,192,945

  Medical

  $4,337,146

  Retail

  $6,522,358

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0591

Longitude

-81.5221

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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