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323 N Arlington St, Akron, OH – $355,000

  • $355k Price
  • 1.36 Acres
  • 210 DOM
  • $355k Price
  • 1.36 Acres
  • 210 DOM

323 N Arlington St

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 with out 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!

Essential Information

  • MLS® #4040550
  • Price$355,000
  • Acres1.36
  • Year Built1950
  • TypeCommercial
  • Sub-TypeIndustrial
  • StatusActive

Community Information

  • Address323 N Arlington St
  • AreaEast Akron(West)
  • SubdivisionTallmadge
  • CityAkron
  • CountySummit
  • StateOH
  • Zip Code44305

Amenities

  • Parking Spaces15
  • ParkingOn Site/Private, Outdoor

Interior

  • HeatingForced Air
  • CoolingCentral Air
  • BasementNone

Exterior

  • Lot DescriptionDowntown, Industrial Park
  • RoofMetal

Additional Information

  • Date ListedSeptember 27th, 2018
  • Days on Market210

Listing Details

  • Courtesy Of:Keller Williams Tri-County Pro
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The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange program of NORMLS. Real estate listings held by brokerage firms other than Platinum Real Estate are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).

Information Deemed Reliable But Not Guaranteed.

Listing information last updated on April 25th, 2019 at 3:45pm EDT.