Market Court | 572 W Market St
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Market Court 572 W Market St
13,311 SF 100% Leased Retail Building Akron, OH 44303 $600,000 ($45/SF) 8% Cap Rate
Executive Summary
Location: 572 W Market St, Suite 5, Akron, OH 44313
Located in the heart of Akron’s Highland Square District on the South Side of W. Market St near corner of Merriman Rd. This location would be ideal for an investor or owner occupant. Located in close proximity to House Three Thirty and Rockne's Pub along with all the amenities Highland Square has to offer just minutes from Downtown Akron.
Price: $600,000
Building Size: 13,311 SF
Total Land Size: Approx. 1.46 Acres on 2 Parcels
Many recent capital improvements including roof, numerous furnaces & AC units. Suites 9 & 10 recently renovated.
Utilities: gas/electric separately metered & water/sewer on 1 meter
Zoning: U-3 Retail/Office
Traffic: 22,000+ VPD
Signage: Marquee Signage
Parking: “in common”
Configuration: 12 Units Retail/Office Use (1 Vacant Unit of 800 SF)
Upside: Upside Potential Rental Income
For more information on this and other commercial real estate investment opportunities in Greater Akron, contact the Powers Brothers at Pappas Realty Co. today! Call 330.762.0535 or email us at admin@pappasrealtyco.com
Located in the heart of Akron’s Highland Square District on the South Side of W. Market St near corner of Merriman Rd. This location would be ideal for an investor or owner occupant. Located in close proximity to House Three Thirty and Rockne's Pub along with all the amenities Highland Square has to offer just minutes from Downtown Akron.
Price: $600,000
Building Size: 13,311 SF
Total Land Size: Approx. 1.46 Acres on 2 Parcels
Many recent capital improvements including roof, numerous furnaces & AC units. Suites 9 & 10 recently renovated.
Utilities: gas/electric separately metered & water/sewer on 1 meter
Zoning: U-3 Retail/Office
Traffic: 22,000+ VPD
Signage: Marquee Signage
Parking: “in common”
Configuration: 12 Units Retail/Office Use (1 Vacant Unit of 800 SF)
Upside: Upside Potential Rental Income
For more information on this and other commercial real estate investment opportunities in Greater Akron, contact the Powers Brothers at Pappas Realty Co. today! Call 330.762.0535 or email us at admin@pappasrealtyco.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,311 SF
Building Class
C
Year Built
1963
Price
$600,000
Price Per SF
$45
Cap Rate
8%
NOI
$48,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
1.46 AC
Zoning
U3 - Retail/Office
Parking
25 Spaces (2.27 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 67-09439 | Improvements Assessment | $58,804 |
| Land Assessment | $54,145 | Total Assessment | $112,949 |
PROPERTY TAXES
Parcel Number
67-09439
Land Assessment
$54,145
Improvements Assessment
$58,804
Total Assessment
$112,949
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Market Court | 572 W Market St
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