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323 N Arlington Street, Akron, OH – $309,000

  • $309k Price
  • 1.36 Acres
  • 121 DOM
  • $309k Price
  • 1.36 Acres
  • 121 DOM

323 N Arlington Street

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!

Essential Information

  • MLS® #4099088
  • Price$309,000
  • Bathrooms0.00
  • Acres1.36
  • Year Built1950
  • TypeCommercial Sale
  • Sub-TypeIndustrial
  • StatusActive Under Contract

Community Information

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

Amenities

  • ParkingOn Site, Outside, Private

Interior

  • HeatingForced Air, Gas
  • CoolingCentral Air
  • BasementNone
  • # of Stories1
  • StoriesOne

Exterior

  • Lot Description163x369
  • RoofMetal

Additional Information

  • Date ListedMay 23rd, 2019
  • Days on Market121
  • HOA Fees0.00

Listing Details

  • Courtesy Of:Keller Williams Tri-County Pro
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. 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). IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2019 YES-MLS. All rights reserved.

Listing information last updated on October 13th, 2019 at 11:30pm EDT.