230 White Pond DrAkron, OH 44313

For Sale
$500,000

Prime Akron location, high cap rate, flexible space.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional single-story office building in Akron, Ohio presents a compelling investment opportunity for both owner-occupants and investors. Located at 230 White Pond Drive, this 5,106 square foot property sits on a 1.65-acre lot and boasts a 9.00% cap rate. The building, constructed in 1962, is classified as Class B and features a modified lease type with single tenancy. Currently, the occupancy rate is 60%, with four units in total. One unit, Suite B, is vacant and offers 1,650 square feet of net rentable space, providing immediate potential for increased revenue. The permitted zoning is ULB. The property's central Akron location and flexible layout make it suitable for a variety of uses, including creative and traditional office spaces. The building's single-story design offers convenient accessibility. This is a rare opportunity to acquire a well-located, multi-unit office building with significant upside potential in a thriving Ohio market. The property's APN is 6860287. This is a turnkey investment ready for immediate income generation or owner-occupancy. The building's address is 230 White Pond Drive, Akron, OH 44313.

Highlights

  • $500,000 asking price.
  • 5,106 total square feet, 1,650 square feet net rentable.
  • 9% cap rate.
  • 60% occupancy.
  • Class B, single-tenant, modified lease.
  • Four units in a single, one-story building on a 1.65-acre lot in Akron, Ohio.

Property Details for 230 White Pond Dr

Property type
Other retail properties, Other office properties
Square Feet
5,106 SF
Class
B
Year Built
1962
Buildings
1
Stories
1
Lot Size (sq. ft)
71,874 SF
Units
4

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.109953
Longitude
-81.5854625
230 White Pond Dr, Akron, Ohio

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230 White Pond Dr
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