Back to Home Page
$309,000 For Sale

323 N Arlington Street
Akron, OH 44305

1 unit |

lot: 1.36 acres
Commercial: Industrial - MLS# 4099088
Property Photo
1/34

Description

Extremely motivated seller! Bring your offers! Opportunity Knocks! Looking to invest in a property that can provide consistent and significant returns? 4500 SqFT of office space has been newly renovated in October of 2017. This light industrial building is being used for Warehouse/ Office space with some manufacturing. Just wrapped up the first year of a 5 year lease with excellent tenants. Buyer pays property tax, some small maintenance and insurance. The remaining is collected in the lease with an established Akron area business. This is a great opportunity for a 1031 Exchange needing to park their money quickly. With over 22,000 SqFT of space, this investment provides an impressive 10.2 Cap Rate without any significant forthcoming maintenance expenses for several years. This opportunity has updated plumbing and new Electric w/ updated panels, new back warehouse roof and 15 years left on the office roof. (Ask your agent about the additional land that could be available as well.) Put your investment money to work and own an impressive piece of commercial Real Estate!

Features

  • # of Parking Spaces: 15
  • Building Features: Private Restrooms, Public Restrooms
  • Cap Rate: 9
  • Cooling: Central Air
  • Cooling YN: Yes
  • County/Area: Summit County
  • Heating: Forced Air, Gas
  • Heating YN: Yes
  • Levels: One
  • Listing Status: Active
  • Lot Dimensions: 163x369
  • Lot Size: 1.3600
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Main Type: Commercial Sale
  • Parking Features: On Site, Outside, Private
  • Parking Spaces: 15
  • Postal City: Akron
  • Property Type: Commercial
  • Roof: Metal
  • Security Features: Fire Sprinkler System, Security Lights
  • Sewer: Public Sewer
  • Stories: 1
  • Stories Total: 1
  • Sub Type: Industrial
  • Subdivision: Tallmadge
  • Subdivision/Neighborhood: Tallmadge
  • Tenant Pays: All Utilities
  • Water Source: Public
  • Year Built: 1950
  • Year Built Details: Actual Ybt
  • Zip Code: 44305

Courtesy of:

  • More info
  • Roger Nair
    330-350-0016
    rnairair@aol.com
  • More info
Northeast Ohio Team
Keller Williams Tri-County Properties
2425 Medina Road
Medina,  OH;  44256
Phone:  330-350-0016
Email: callmarktaylor@aol.com

Find an Agent


view all

Contact Us





* fields are required

Quick Search


view all


Any

Any

No Min.

No Max.