Available For Sale - Retail

3,840 SF | Show Pricing $

Retail Space in Akron for sale

LISTED BY

Graydon Fox
SVN | Summit Commercial Real Estate Advisors, 330-703-5283

AVAILABILITY DETAILS

Size
3,840 SF
Price/SF
Show Pricing $
Listing ID
SA529625
Notes
The Subject Property is a 3,840 SF building on 0.74 acres of land and a commercial lot across the street that consists of 0.85 acres that is currently being utilized for vehicle parking. The property is located in East Akron in close proximity to Interstate 77 and Interstate 76. The building was originally constructed as a 1,200 SF retail store and a 2,640 SF automotive

parts store.



The warehouse features 14'7" ceilings, five 13'5" x 12'5" exterior drive in doors, floor drains, a shop restroom, a new water heater, a slop sink, and mezzanine storage. There are three "bays" 30x51', 38x21', and 40x40'. The roof is a heavy rubber membrane that has been well maintained and there was just recently a new rooftop AC unit put in . The office space features

two large open areas, 4 private offices, and two restrooms.



Petermann Bus has occupied the building and 1.59 acres of land for the past 12 years. They are paying $5,306.04/month with a lease that runs through August of 2024.



CAP RATE: 9.69%

Net Operating Income: $44,472
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Graydon Fox, SVN | Summit Commercial Real Estate Advisors
BRE# SAL2019006700