info This space is no longer listed on Digsy
View other spaces in this property

or Browse more properties in Akron

Available For Sale - Multifamily

60,806 SF

AVAILABILITY DETAILS

Size
60,806 SF
Price/SF
N/A - Contact for Info
Listing ID
SA387471
Notes
SVN | Summit Commercial Advisors is pleased to present this very unique opportunity near downtown Akron. This 3-acre historic warehouse complex boasts over 60,800 SF.



The site currently features two structures with a party wall. The brick structure was built in 1893 by the Akron Soap Company. The second building is a steel and concrete warehouse constructed sometime 1930-1935.



Phase I (of the original 2-phase project) was completed in 2019 and includes renovation of the 1893 brick structure for commercial use and one 3rd story loft apartment. The first level and a section of the lower level of the 6-story warehouse was also renovated. The warehouse is prepped for conversion to (40-50 apartments).



The finished 1893 structure can easily be leased to commercial tenants or converted to apartments. New electric service, water and sewer lines, fire suppression system, parking expansion plan, etc. lays much of the groundwork. The City of Akron supports a residential/mixed-use project and incentives may be available in addition to the city’s 15-year residential property tax abatement.
Uses
Multifamily

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
Nichole Booker PhD, SVN | Summit Commercial Real Estate Advisors