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797 E Market St, Akron, OH

Name: 797 E Market St, For Sale in Akron - eXp Commercial Brokerage
Brand: Kiko
SKU: 5162500

Condo

For Sale

Contact for Price

000

Open House

Wed. Nov 5, 2:00-5:00 pm UTC

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Commercial Sale

Size sqft

Garage No

Maintenance Fees

Taxes $41,819

Days Active 1

Approx. Age 1965

MLS® Number 5162500

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Attention Investors, 40-Unit Luxury Apartment Complex with a Mixed-Use Restaurant Tenant. Online Only. ABSOLUTE AUCTION, all sells to the highest bidder online only. ONLINE BIDDING STARTS: MONDAY, NOVEMBER 3, 2025, 12:00 PM, and ENDS: FRIDAY, NOVEMBER 7, 2025, 12:00 PM. For sale is a 40-unit luxury apartment complex, fully furnished, located at 797 E. Market St., Akron, OH 44305. The property features a first-floor restaurant tenant that will remain, with additional commercial space available for development. The auction includes all apartment furnishings but excludes restaurant equipment. Tenants have access to numerous storage units, and the building is equipped with one elevator. Zoned U-3 Residential, this property supports a mix of luxury living and commercial use. Renovation & Condition: Completely refurbished from the roof down in 2020, the building is maintenance-free for years to come. Built in 1965, it underwent major improvements in 2019 and 2020, ensuring long-term durability. Financial & Rental Information: Appraised Value (2019): $5.5 million. Current Occupancy: 60%, transitioning from short-term to long-term rentals. Projected Stabilized Gross Annual Revenue: Exceeds $588, 000. Estimated Rental Amounts: 1-bedroom units at $1, 000 per month, 2-bedroom units at $1, 200 per month (all utilities included by owner). Commercial Space Rent: $9, 000 per month (quality common areas for additional entertainment). Additional Features: Includes an additional parking lot, 84 parking spaces. 3-story building with a total size of 66, 829 sq. Ft., Public utilities, high-end appliances in all units, and accessible common areas. High-end furnishings, electronics, washing machines, and gym equipment. Security system, meeting rooms, and vending available. Convenient location near highways, shopping, hospitals, and restaurants. Potential for Airbnb use with vacant units. The property will be open for viewing on Wednesday, November 5, 2025, from 9:00 AM-12:00 PM.Show Description

MLS® Number5162500

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCoin Operated

Exposure

Exterior

GarageNo

Approx. Age1965

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatForced Air, Gas, Hot Water, Steam

A/CCentral Air

Heating Fuel

Extras

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