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Waterloo Center | For Sale 215 E Waterloo Rd 20,982 SF 69% Leased Office Building Akron, OH 44319 $575,000 ($27.40/SF)
Investment Highlights
- Great visibility: Positioned on a heavily trafficked commuter and service route
- Value-Add: Many MTM leases and a couple vacancies - easily stabilize through renewals and market-rate adjustments and leasing vacant spaces
- Amenities: Plenty of on-site parking, in-suite restrooms, some units with private entrances, recent capital improvements
- Flexibility (Zoning & Layout): Ability to accommodate a range of small to mid-size tenants and flexible zoning allows a wide range of office, medical,
- Recent Capital Improvements: New Roof, Upgraded HVAC, Updated Plumbing, New Windows
- Excellent Highway Access: Less than 1 mile to the I-77/US-224 interchange with quick connections to I-76, I-277, and SR-241.
Executive Summary
Well-maintained and well-located multi-tenant office investment with upside potential in leasing the vacant suites. Many tenants are long-term tenants; some month to month leases. Rarely ever historically leased professionally. This is ideal for both investors and owner-occupants looking for an easily managed property with upside that is easily stabilized in a strong mixed-use Akron corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
20,982 SF
Building Class
C
Year Built
1962
Price
$575,000
Price Per SF
$27.40
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,491 SF
Building FAR
0.70
Lot Size
0.69 AC
Zoning
U-3 - Retail Business
Parking
83 Spaces (3.96 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Universal Home Healthcare
- Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Universal Home Healthcare | Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Rate: $600 per month
- 1st Fl-Ste Suite 10
- 2,000 SF
- Office
- -
- Now
- 1st Fl-Ste Suite 4
- 4,000 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Suite 1 | 600 SF | Office | - | Now |
| 1st Fl-Ste Suite 10 | 2,000 SF | Office | - | Now |
| 1st Fl-Ste Suite 4 | 4,000 SF | Office | - | Now |
1st Fl-Ste Suite 1
| Size |
| 600 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Suite 10
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Suite 4
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste Suite 1
| Size | 600 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Rate: $600 per month
Property Taxes
| Parcel Number | 68-29369 | Improvements Assessment | $210,613 |
| Land Assessment | $18,113 | Total Assessment | $228,726 |
Property Taxes
Parcel Number
68-29369
Land Assessment
$18,113
Improvements Assessment
$210,613
Total Assessment
$228,726
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Waterloo Center | For Sale | 215 E Waterloo Rd
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