595 Miami StAkron, OH 44311

For Sale
$489,000

High-Yield Flex Space, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a single-tenant, 5,810 square foot flex building located at 595 Miami St, Akron, OH 44311. The property, built in 1969 and situated on a 0.705-acre lot (APN 6811289), boasts a strong net lease with a remaining term of approximately six months (expiring May 5, 2025). Currently 100% occupied, the building generates a substantial NOI of $69,600, resulting in an attractive 14.23% cap rate. The asking price is $489,000, translating to $84.17 per square foot. Key features include a recently updated roof (less than 5 years old), a new HVAC system, and ample parking. The property is zoned Akron U-5 and is ideally suited for service-based businesses. This is a rare chance to acquire a well-maintained, high-performing asset in a prime Akron location, offering immediate cash flow and significant upside potential. The building's single-tenant occupancy minimizes management complexities, making it an attractive option for investors seeking a low-maintenance, high-return investment. The property's strategic location provides easy access to major transportation routes and the downtown core, further enhancing its appeal.

Highlights

  • Strong tenant in place through May 2025.
  • Roof less than five years old.
  • New HVAC system.
  • Ample parking.

Property Details for 595 Miami St

Property type
Other industrial properties, Flex space
Square Feet
5,810 SF
Class
B
Year Built
1969
Buildings
1
Lot Size (sq. ft)
30,710 SF
Units
1

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.066850453572
Longitude
-81.522610120141
595 Miami St, Akron, Ohio

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595 Miami St
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