103 Lake StKent, OH 44240

For Sale
$1,150,000

High-traffic corner, 6 units, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Kent, Ohio, presents a unique redevelopment opportunity. Located on a high-traffic corner (.21 acres) at the intersection of Lake St, Crain Ave, and N Water St, this landmark property includes three buildings totaling 3,992 square feet. The main building, 103 Lake St, is a storefront with an apartment above. Two additional buildings, 115 Crain Ave (2-3 units) and 118 Lake St (2 units), offer licensed rental housing. All buildings are 100% occupied, generating immediate income. Built in 1900, the property boasts a two-story configuration and sits within the R-3 zoning district. The location offers excellent visibility and accessibility, with approximately 10,000 cars passing daily. Proximity to the Hike and Bike Trail, downtown Kent, and Kent State University adds significant value. This is a prime opportunity for investors seeking a high-return redevelopment project in a desirable location. The asking price is $1,150,000 ($288.08/sq ft). The property includes APNs 17-031-22-00-170-000 and 17-031-22-00-169-000. The property is offered by the principal owner.

Highlights

  • Exceptional mixed-use redevelopment opportunity in Kent, Ohio.
  • High-traffic corner lot (.21 acres) at Lake St, Crain Ave, and N Water St intersection.
  • Three buildings totaling 3,992 square feet, 100% occupied, generating immediate income.
  • Main building (103 Lake St) features storefront and upper apartment; additional buildings (115 Crain Ave & 118 Lake St) offer rental units.
  • R-3 zoning, high visibility, ~10,000 cars daily, near Hike & Bike Trail, downtown Kent, and Kent State University.
  • Asking price: $1,150,000 ($288.08/sq ft). APNs: 17-031-22-00-170-000 and 17-031-22-00-169-000.

Property Details for 103 Lake St

Property type
Other retail properties, Individual retail properties
Square Feet
3,992 SF
Year Built
1900
Buildings
3
Stories
2
Lot Size (sq. ft)
9,148 SF
Units
6

Location Insight

City
Kent
County
Portage
State
Ohio
Latitude
41.158690559925
Longitude
-81.358033604721
103 Lake St, Kent, Ohio

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103 Lake St
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