Active

118 W Market Street

Akron OH, 44303

$2,750,000


$74.37 per sqft

Active

36,979 sqft

Commercial

Built in 1932

Attention developers and business owners! Here's your chance to own a versatile property in Akron that's bursting with potential. Almost 37,000 square feet of retail and warehouse space awaits your creative vision, just minutes from Route 8 and I-77. This prime development opportunity is strategically positioned as close to Downtown Akron as you can get, offering unparalleled convenience and accessibility for your business ventures.

The property, zoned for U4 commercial and U3 retail use, opens doors to a myriad of possibilities. Whether you envision a mixed-use development incorporating retail, office, or multifamily spaces, this property provides the ideal canvas for your ambitions. With the existing structure capable of accommodating additional levels, the potential for high-density multifamily housing with over 100 units or even a hotel is within reach.

Ample parking and a rich history as the "Gateway to Akron" or "Cadillac Hill" add further allure to this investment opportunity. Plus, with three-phase power already available on-site, you can hit the ground running with your development plans.

Seize this unique opportunity to be a part of Akron's growth and success story.

5029888

MLS ID

April 10, 2024

Listed

November 24, 2024

Updated

Map

118 W Market Street
Akron OH, 44303

Interior Features

Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.51 Acres


Roof

Flat


Sewer

Public Sewer

School Information

School District

Akron CSD - 7701

Other Property Details

Taxes

$10,740


Tax Frequency

Annually


Days on Market

234


Garage

No


Parking

On Site, Paved, On Street


View

No


County

Summit


Municipality

Akron


Water Source

Public


Pool

No

Listing History

Date

Event

Price

6/17/2024

Price change

$2,750,000

-9%

 

Courtesy of Keller Williams Legacy Group Realty

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Joe Tupta shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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