520 N Arlington St - Warehouse FOR SALE


Akron, OH 44305- Elizabeth Park Valley
$725,000 USD
520 N Arlington St, Akron, OH for Sale
$725,000 USD
Warehouse - FOR SALE
1/2
null | 7.03% Cap Rate

520 N Arlington St
Akron, OH 44305
Elizabeth Park Valley


OVERVIEW

The Subject Property includes a 12,250 SF main building, a 2,189 SF out building, and a 302 SF storage shed on 4.4 acres of land located at 506-520 N. Arlington Street in Akron, Ohio. The Subject Property is located in close proximity to Summa Health’s Akron Campus and Route 8. There are 4 parcels associated with the property: 6709918, 6843760, 6843761, 6843762. The 12,250 SF main building was originally constructed as an 8,000 SF warehouse. A 4,250 SF addition was later put on which is approximately half warehouse and half office. The building features a flat rubber membrane roof that was done in 2001. The roof has been maintained periodically and any leaks have been addressed. The building features two 10x10 drive in doors and more cutouts where additional drive in doors could be added. The warehouse has 14’ ceilings, heat, 3 phase power (400 amps/240 volts). The 2,189 SF out building was constructed 6 years ago. It features five 10x10 drive in doors and 14’ ceilings in the warehouse. This building does not feature power, heat, or air conditioning. The excess land and large paved area allows for the construction of more buildings on the lot. The property backs up to several rail lines which could be made accessible again.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

3

PARKING SPACES

25

LAND DETAILS

LAND ACRES

5.12

LAND SF

223,027

ZONING

-

APN/PARCEL ID

67-09918

ASK ABOUT THIS PROPERTY

Graydon FoxSVN | Summit Commercial Real Estate AdvisorsMore Info

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Graydon FoxSVN | Summit Commercial Real Estate AdvisorsMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.