Retail Space / Ohio / Akron / 44311 / 368 South Main Street

368 South Main Street

Q: What is the asking price for 368 South Main Street in Akron?

The asking price for 368 South Main Street is $550,000

Q: What is the building size of this Retail property in Akron, OH?

The size of the building/unit at 368 South Main Street in Akron is 6,710 square feet.

Q: How much land does the Akron, OH property at 368 South Main Street include?

368 South Main Street in Akron includes 0.077 acres of land.

Q: What kind of Retail is the propery at 368 South Main Street?

The property at 368 South Main Street Akron, OH 44311 is listed as a Shopping Center Retail property.

Q: What is the population within 1 mile of 368 South Main Street?

The population within 1 mile of 368 South Main Street Akron, OH 44311 is 12,109 people.

Q: Who do I contact for questions about 368 South Main Street?

You should contact the listing agent, Nichole Booker, for any details regarding this commercial listing.

Akron, OH 44311

Listing ID: 220913

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Building Size: 6,710 SF

Lot Size: 0.077 AC

Land Size: 3,354 SF

Building $/SF: $81.97

Land $/SF: $163.98

Price

$550,000

Description

Mixed-Use Redevelopment or Owner-User. Located in the Historic Main-Exchange District, Downtown Akron and directly across
from 22 Exchange (236 new market rate apartments) and 401 Lofts (189 units/323 student housing beds). This 2-story gem is a
great mixed-use redevelopment project consisting of ground level retail and 2nd floor apartments (taking advantage of the city's 15-yr tax abatement), project ROI over 11% (at listing price); Minimum $102,000 stabilized NOI.
REQUEST FULL OM FOR PROJECTED REDEVELOPMENT COSTS & ANALYSIS
Highlights
Drive-Thru - A Unique Downtown Feature!
Meticulously maintained systems; new boiler; newer roof
All new roads, curbs, sewer/utilities, streetscapes, etc. along Main Street
22,000 VPD on Exchange; 15,000 VPD on S. Main; 10,000 VPD on Cedar
Over 650 new apartments and over 600 student housing beds within 2 blocks
Over 2,300 housing units in core downtown and hundreds additional planned for 2021 and 2022 to meet demand
Over 60,000+ daytime population within 1 mile
Walking distance from the University of Akron (25,000 students)
Within 1.5 miles of 6 of Akron's largest employers; over 50,000 downtown Akron employees
15-year tax abatement (residential/apartments; Located within Opportunity Zone
National and regional retailer neighbors (Walgreens, Jimmy Johns, Muggswigz Coffee & Tea) and local retail staples (DaVinci's Pizza, Diamond Deli)
Close proximity to downtown amenities such as, Lock 3, Canal Park Stadium, Akron Civic Theater, Canal Place, Towpath Trail, and many retail, restaurant & entertainment
Surrounded by premier medical systems: Akron Children's Hospital, Summa Health, and Cleveland Clinic
Higher Education: The University of Akron (25,000 students) & newly constructed Stark State College (3,000 students)
Over 1,000 downtown apartments built in the last several years (demand continues to outweigh supply evidenced by low vacancy rates); over 2,300 units exist downtown Akron with additional units underway/planned 2021-2022 (new and existing sites)

Attachments & Files

366-368s.mainstreet-salebrochure-wDD-jOj.pdf

Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Akron History of Retail Space for Sale

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Listing Demographics for 368 South Main Street Akron, OH 44311

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		12,109	116,651	231,038
Population Median Age		31	37	39
Population by Age	0-9 Yrs	657 (5%)	14765 (12%)	27207 (11%)
	10-19 Yrs	2666 (22%)	15785 (13%)	27766 (12%)
	20-29 Yrs	4488 (37%)	20721 (17%)	37896 (16%)
	30-39 Yrs	928 (7%)	14225 (12%)	29660 (12%)
	40-49 Yrs	813 (6%)	13901 (11%)	27676 (11%)
	50-59 Yrs	1152 (9%)	14869 (12%)	30504 (13%)
	60-69 Yrs	866 (7%)	12602 (10%)	27561 (11%)
	70+ Yrs	540 (4%)	9782 (8%)	22768 (9%)

Median HH Income		$19,861	$34,213	$40,830
Total Household Income	< 24K	2505 (58%)	17657 (36%)	30189 (30%)
	25-49K	1166 (27%)	14525 (30%)	28458 (28%)
	50-74K	387 (9%)	7507 (15%)	17726 (17%)
	75-99K	115 (2%)	4037 (8%)	11082 (11%)
	100-199K	97 (2%)	3599 (7%)	10609 (10%)
	200K+	15 (0%)	654 (1%)	1796 (1%)

Highest Education Level	No Diploma	1002	11406	19360
	Diploma or GED	1691	27068	53989
	Some College	1284	17964	35428
	Assoc. Degree	320	6059	13928
	Bachelors Degree	569	8437	23443
	Higher Degree	350	4683	11717

Total Housing Units		5,369	56,149	112,573
--Owner-Occupied		600	21,450	51,910
--Renter-Occupied		3,685	26,529	47,949
Owner-Occupied Values	< 100K	489	16959	30851
	100-199K	99	3180	16652
	200-299K	9	742	2892
	300-399K	1	239	666
	400-499K	0	113	360
	500K+	1	217	490

Total Working Age Population		11,006	93,718	188,378
In Work Force		5,798	56,951	118,928
Not In Work Force		5,208	36,767	69,450
Workforce Employed		5,094	51,400	109,688
Workforce Unemployed		704	5,454	9,073
Civlian Workforce		5,798	56,854	118,761
Military Workforce		0	97	167

Total Households		4,285	47,980	99,859
Family Households		1,370	25,607	53,465
Non-Family Households		2,915	22,372	46,394
Married Couple		307	12,276	30,590
Other Family		1,064	13,332	22,875
Married w/Child		65	3,870	10,125
Single Male w/Child		57	1,336	2,383
Single Female w/Child		651	6,390	9,781

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Summit County	542,899	0	541,781	-1	534,150	-1	528,990

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 368 South Main Street in Akron?

The asking price for 368 South Main Street is $550,000

What is the building size of this Retail property in Akron, OH?

The size of the building/unit at 368 South Main Street in Akron is 6,710 square feet

How much land does the Akron, OH property at 368 South Main Street include?

368 South Main Street in Akron includes 0.077 acres of land

What kind of Retail is the propery at 368 South Main Street?

The property at 368 South Main Street Akron, OH 44311 is listed as a Shopping Center Retail property

What is the population within 1 mile of 368 South Main Street in Akron?

The population within 1 mile of 368 South Main Street Akron, OH 44311 is 12,109 people.

Who do I contact for questions about 368 South Main Street?

You should contact the listing agent, Nichole Booker, for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
328 South Main Street, Akron, OH	$649,900	18410	-
50 South Main Street, Akron, OH	$150,000	975	-
275 East Market Street, Akron, OH	CALL	2350	0.76
132 North Howard Street, Akron, OH	$695,000	5850	0.61
335 West Market Street, Akron, OH	$159,000	3500	0.32
908 Raymond Street, Akron, OH	$89,000	1131	0.7
5 North Arlington Street, Akron, OH	$995,000	9100	0.33
907 East Market Street, Akron, OH	$465,000	3097	0.28
1351 East Avenue, Akron, OH	$110,000	992	0.41
156 Brittain Road, Akron, OH	$49,000	1600	0.16

Closest Commercial Airports

Airport	Distance (mi)
Cleveland Hopkins International Airport (CLE)	29
Pittsburgh International Airport (PIT)	79
Erie International Tom Ridge Field (ERI)	99