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Value-Add Retail in Bustling Downtown 315-319 E Market St 10,003 SF 70% Leased Retail Building Online Auction Sale Akron, OH 44304
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Investment Highlights
- Value-add retail strip center perfect for savvy investors seeking their next opportunity in the thriving Akron, Ohio, market.
- Just 1 mile to the University of Akron campus, a STEM-focused institution with 15,318 students enrolled in Fall 2025.
- Akron’s demographic trends attract investors, with a consistently growing population and consumer spending of over $374 million within 2 miles.
- Situated near several places of interest drawing in consumers such as Summa Health System – Akron, Akron Art Museum, Grace Park, and more.
- Perched at a lighted intersection on E. Market Street, a major retail thoroughfare seeing lofty traffic counts of over 16,000 vehicles daily.
- Absolute auction | Starting bid $1.
Executive Summary
Investors seeking a top-tier opportunity in Downtown Akron, Ohio, will be drawn to the potential of 315 E Market Street.
Boasting 10,003 square feet on a single level, this retail strip center stands out as a prime opportunity in Akron’s dynamic market. Originally constructed in 1956, the property enjoys exceptional visibility along E Market Street and benefits from convenient access via a signalized intersection. Ample on-site parking serves both customers and employees, further enhancing the location’s appeal and ease of use. Featuring an established tenant and adaptable floor plans, the center is well-positioned to attract a diverse range of businesses. Configured for three tenants, the suites offer flexible sizing to accommodate various needs. One suite is currently leased to PPG Paints through 2030, providing a reliable income stream. Investors have the option to upgrade the property and lease the remaining suites at market rates, or utilize part of the space for their own business while collecting rent from other tenants. This asset presents excellent potential for both income growth and operational flexibility.
This property is strategically located within Akron, offering exceptional proximity to key amenities. Summa Health System – Akron, a 350-bed hospital, is situated just down E Market Street. Additionally, the University of Akron campus lies only 1 mile away, providing convenient access for tenants and contributing to the vibrancy of the local economy through its student population. Numerous cultural and entertainment venues, including the Akron Art Museum, John S Knight Center, Akron Civic Theater, and Akron Children’s Museum, are also nearby. The area benefits from a dynamic mix of national and local retailers and restaurants that enhance the quality of life for residents and visitors alike.
Akron stands out as an attractive destination for investors. The city has evolved from tire production to become a leader in polymer science, advanced manufacturing, and healthcare. The Akron metropolitan area generates roughly $44.6 billion in GDP each year, placing it among America’s mid-sized metro economies. With Fortune 500 companies like Goodyear and FirstEnergy headquartered in Akron, the city maintains a strong corporate presence. All in all, Akron offers a diverse economy built on innovation, healthcare, and manufacturing, backed by notable research institutions and affordable living costs.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Michael Glass, OH License #BRK.2007005898
500 Neil Ave, Suite 100, Columbus, OH 43215
(614) 360-9800
Boasting 10,003 square feet on a single level, this retail strip center stands out as a prime opportunity in Akron’s dynamic market. Originally constructed in 1956, the property enjoys exceptional visibility along E Market Street and benefits from convenient access via a signalized intersection. Ample on-site parking serves both customers and employees, further enhancing the location’s appeal and ease of use. Featuring an established tenant and adaptable floor plans, the center is well-positioned to attract a diverse range of businesses. Configured for three tenants, the suites offer flexible sizing to accommodate various needs. One suite is currently leased to PPG Paints through 2030, providing a reliable income stream. Investors have the option to upgrade the property and lease the remaining suites at market rates, or utilize part of the space for their own business while collecting rent from other tenants. This asset presents excellent potential for both income growth and operational flexibility.
This property is strategically located within Akron, offering exceptional proximity to key amenities. Summa Health System – Akron, a 350-bed hospital, is situated just down E Market Street. Additionally, the University of Akron campus lies only 1 mile away, providing convenient access for tenants and contributing to the vibrancy of the local economy through its student population. Numerous cultural and entertainment venues, including the Akron Art Museum, John S Knight Center, Akron Civic Theater, and Akron Children’s Museum, are also nearby. The area benefits from a dynamic mix of national and local retailers and restaurants that enhance the quality of life for residents and visitors alike.
Akron stands out as an attractive destination for investors. The city has evolved from tire production to become a leader in polymer science, advanced manufacturing, and healthcare. The Akron metropolitan area generates roughly $44.6 billion in GDP each year, placing it among America’s mid-sized metro economies. With Fortune 500 companies like Goodyear and FirstEnergy headquartered in Akron, the city maintains a strong corporate presence. All in all, Akron offers a diverse economy built on innovation, healthcare, and manufacturing, backed by notable research institutions and affordable living costs.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Broker of Record: Michael Glass, OH License #BRK.2007005898
500 Neil Ave, Suite 100, Columbus, OH 43215
(614) 360-9800
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
10,003 SF
Building Class
C
Year Built
1956
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.53
Lot Size
0.43 AC
Opportunity Zone
Yes
Parcel Number
68-52257
Parking
15 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (76)
About Barberton
Barberton is one of Akron’s largest suburbs and is home to more than 25,000 residents. Healthcare, education, and manufacturing represent some of the area’s major industries. Top employers in the region include Summa Health System, Akron General Health System, Goodyear, and Kent State University. Located 40 miles south of Cleveland, Barberton is accessible via major roadways such as Interstates 76 and 78 and State Route 8. The area is also home to the Akron-Canton Airport and the Akron Fulton International Airport.
Barberton is an attractive location for families and is home to some of Akron’s top-rated public schools and offers a wealth of parks and outdoor recreation. The area is an easy drive to downtown Akron and attractions such as Akron Zoo, Lock 3 Park, various museums, and the Cuyahoga Valley National Park.
Consumer spending within a 15-minute drive of the area totals $2.7 billion, and with mid-level rents, Barberton is an attractive location for retail tenants and investors alike. Commercial activity is concentrated along Main Street Barberton, a historic downtown district offering an eclectic variety of local retailers. The area is also home to regional and national retailers such as Marc’s grocery store and Save A Lot.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
11,509
112,276
236,309
2020 Population
10,427
108,834
235,848
2029 Population
11,765
113,156
236,614
2024-2029 Projected Population Growth
2.2%
0.8%
0.1%
Daytime Employees
35,364
82,614
136,626
Total Businesses
4,079
8,386
14,060
Average Household Income
$47,244
$55,951
$67,313
Median Household Income
$33,593
$41,839
$51,292
Total Consumer Spending
$78.7M
$1B
$2.5B
Median Age
28.8
36.4
38.7
2024 Households
4,072
46,764
103,715
Percent College Degree or Above
15%
11%
15%
Average Home Value
$119,096
$140,029
$169,750
Nearby Major Retailers
Sale Advisors
Sale Advisors
Kodi Traver, Licensed Real Estate Salesperson
Kodi Traver joined Marcus & Millichap at the end of 2019 and is affiliated with the French Retail Team, a top-producing retail team. He focuses on representing owners and developers in the disposition of commercial real estate assets in the Northeast and has built a brand as an expert in secondary & tertiary market dispositions. Mr. Traver has represented institutions, REITS, private equity funds, public companies, private companies, developers, and private investors on assets ranging in size from $5 million to $25 million. Within his first three years, he closed over 20 transactions valued at over $60 million, earning him the following awards: 2020 Marcus & Millichap Rookie of the Year, 2020 Marcus & Millichap Pace Setter, 2021 CoStar Power Broker, and 2022 Marcus & Millichap Rising Star. In his free time, Mr. Traver enjoys sailing, skiing, fishing, golfing, and spending time with his wife and children.
Joseph French, Licensed Associate Real Estate Broker
Joseph French boasts an extensive career spanning over 30 years, marked by proficiency in development, asset and property management, leasing, and investment sales. With a track record encompassing sales of more than 300 properties totaling over 25 million square feet and exceeding $5 billion in value, French has navigated various market cycles with finesse.
A respected figure in the industry, Mr. French’s insights have been featured in prominent publications such as Shopping Centers Today, GlobeSt.com, Retail Traffic, CCIM Magazine, and National Real Estate Investor. He has also graced numerous industry conferences as a featured speaker. Mr. French has received numerous awards over the years. A few of his most recent include the “Best of White Plains Award” for the 9th consecutive year in the Real Estate & Construction category, as well as being selected as one of the New York & Tri-State winners in Connect CRE’s 2024 Top Broker Awards.
French also consistently ranked among Sperry Van Ness’ Top 10 Brokers and received multiple National Achievement Awards from Marcus & Millichap highlighting his exceptional contributions. Holding the esteemed CCIM designation and real estate broker licenses in New York, New Jersey, Pennsylvania, Connecticut, and Massachusetts, French brings a wealth of expertise to his role. Before joining Marcus & Millichap, he served in key leadership positions at Sperry Van Ness and The Hutensky Group and also founded his own successful firm focusing on urban retail projects. His previous roles at renowned firms like Landau & Heyman, Brandenberg Realty, and CS Brown Associates further enrich his extensive professional background.
In March, 2020, French authored a book titled “French Lessons: Letters to my Daughters”, which combines an autobiographical portrait of a highly successful, real-estate investment adviser with advice about business and life, communicated through letters from French to his three adult daughters.
A respected figure in the industry, Mr. French’s insights have been featured in prominent publications such as Shopping Centers Today, GlobeSt.com, Retail Traffic, CCIM Magazine, and National Real Estate Investor. He has also graced numerous industry conferences as a featured speaker. Mr. French has received numerous awards over the years. A few of his most recent include the “Best of White Plains Award” for the 9th consecutive year in the Real Estate & Construction category, as well as being selected as one of the New York & Tri-State winners in Connect CRE’s 2024 Top Broker Awards.
French also consistently ranked among Sperry Van Ness’ Top 10 Brokers and received multiple National Achievement Awards from Marcus & Millichap highlighting his exceptional contributions. Holding the esteemed CCIM designation and real estate broker licenses in New York, New Jersey, Pennsylvania, Connecticut, and Massachusetts, French brings a wealth of expertise to his role. Before joining Marcus & Millichap, he served in key leadership positions at Sperry Van Ness and The Hutensky Group and also founded his own successful firm focusing on urban retail projects. His previous roles at renowned firms like Landau & Heyman, Brandenberg Realty, and CS Brown Associates further enrich his extensive professional background.
In March, 2020, French authored a book titled “French Lessons: Letters to my Daughters”, which combines an autobiographical portrait of a highly successful, real-estate investment adviser with advice about business and life, communicated through letters from French to his three adult daughters.
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Auctioneer License:
Ten-X Commercial, LLC Samantha Corbat RE Brkr REC.2019003563; Ohio Department of Agriculture- Auctioneer Program: Ten-X Commercial, Inc. (Ten-X, Inc.) Auctioneer Corporation 2022000147 Samantha Corbat Auctioneer 2023000126
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Value-Add Retail in Bustling Downtown | 315-319 E Market St
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