Office/Retail Investment

29-33 S Frank Boulevard Akron, OH 44333

29-33 S Frank Boulevard, Akron, OH, 44333
29-33 S Frank Boulevard, Akron, OH, 44333
FOR SALE
Property Type:
Street Retail
Amount:
$272,999
Last Verified:
Apr 23, 2021

Highlights

  • Price / SF: $71.99
  • Building Size: 3,792 SF
  • Lot Size: 0.19 Acres
  • Cap Rate: 9.9%
  • NOI: $27,030
  • Year Built: 1952
  • Zoning: U3- Retail Business
  • Market: Greater Akron
  • Highway Access: 1.1 Miles to I-77

Description

3,792 SF corner lot 100% occupied. Great local investment opportunity with long term tenants all desiring to stay. Three first floor retail units and two second floor retail/residential units. Owner has maintained property well over 40 years. Recent capital improvements including: 3 yr old parking lot, 2 yr old roof and gutters. Upstairs apartment consists of 3 bedrooms, kitchen and bathroom. Boiler heat and window AC units for first floor tenants. Second floor tenants have forced air. Utilities covered by tenants. Trash removal paid for by owner.

29-33 S Frank Blvd is located 300 ft. southwest of W. Market St. 1.1 miles from I-71/White Pond Dr interchange and 2 miles from Fairlawn, OH. Located behind Ken Stewarts in West Akron.


Year Built: 1952
Building Size: 3792sq ft
Building Class: C
Lot Size: 0.19 acres

Map of 29-33 S Frank Boulevard, Akron, OH, 44333

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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