$1 Auction – 97K SF | Self-Storage Entitled | 711 Johnston St
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$1 Auction – 97K SF | Self-Storage Entitled 711 Johnston St Industriel/Logistique 9 056 m² Inoccupé À vendre Akron, OH 44306 1 € (0,00 €/m²)
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- ABSOLUTE $1 AUCTION | ± 97K SF | Self-Storage Entitled | $1.75M Federal Historic Tax Credits | AUCTION MAY 19-21, 2025
- Proposed 63,535 Rentable SF w/ 503 Climate-Controlled Units | 70 Exterior Drive-Up Units
- $1.75M in Historic Tax Credits Awarded | Tax Credits can be Sold to Investor for $1.25M Equity or Kept by Developer
- Fully Entitled and Permitted Self-Storage Conversion Development Opportunity
- Excellent Visibility along both Johnston Street and Ohio Highway 8 with Traffic Counts over 115K VPD
- Under-Supplied Self-Storage Market | Only 4.41 Net Rentable SF Per Capita within 3-Mile Radius | Market Studies Indicate over 600K SF of Unmet Demand
RÉSUMÉ ANALYTIQUE
Marcus & Millichap and RI Marketplace are pleased to present the sale of 711 Johnston Street (the Property) in Akron, Ohio. The Property presents an investor the opportunity to acquire a fully entitled self-storage conversion with 503 climate-controlled units and 70 exterior drive-up units.
Originally constructed in the 1920s, the 97,480 gross square foot, 4-story warehouse played a significant role in Akron's tire industry, notably associated with the Schrader Valve, a component still utilized in vehicle and bicycle tires today. The proposed project envisions a 63,535 rentable square foot facility comprising 503 climate-controlled units and 70 exterior drive-up units. Strategically positioned with excellent visibility along both Johnston Street and Ohio Highway 8, the site benefits from traffic counts exceeding 115,000 vehicles per day. The development has secured $1,750,000 in historic tax credits which can be sold to an investor for $1,250,000 equity upon project completion or retained by the developer. The local self-storage market is under-supplied, offering only 4.41 net rentable square feet per capita within a 3-mile radius, with market studies indicating over 600,000 square feet of unmet demand.
Akron, Ohio, is a mid-sized city in Northeast Ohio, known for its industrial heritage, healthcare sector, and growing innovation economy. The area boasts dense demographics, with a 3-mile population of 104,806 and approximately 217,920 residents within a 5-mile radius.
Originally constructed in the 1920s, the 97,480 gross square foot, 4-story warehouse played a significant role in Akron's tire industry, notably associated with the Schrader Valve, a component still utilized in vehicle and bicycle tires today. The proposed project envisions a 63,535 rentable square foot facility comprising 503 climate-controlled units and 70 exterior drive-up units. Strategically positioned with excellent visibility along both Johnston Street and Ohio Highway 8, the site benefits from traffic counts exceeding 115,000 vehicles per day. The development has secured $1,750,000 in historic tax credits which can be sold to an investor for $1,250,000 equity upon project completion or retained by the developer. The local self-storage market is under-supplied, offering only 4.41 net rentable square feet per capita within a 3-mile radius, with market studies indicating over 600,000 square feet of unmet demand.
Akron, Ohio, is a mid-sized city in Northeast Ohio, known for its industrial heritage, healthcare sector, and growing innovation economy. The area boasts dense demographics, with a 3-mile population of 104,806 and approximately 217,920 residents within a 5-mile radius.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 0,91 € | Surface utile brute | 9 056 m² |
| Prix par m² | 0,00 € | Nb d’étages | 5 |
| Type de vente | Investissement | Année de construction/rénovation | 1921/1987 |
| Type de bien | Industriel/Logistique | Hauteur libre du plafond | 3,66 m |
| Sous-type de bien | Entrepôt | Nb de portes élevées/de chargement | 4 |
| Classe d’immeuble | C | Nb d’accès plain-pied/portes niveau du sol | 1 |
| Surface du lot | 0,66 ha |
| Prix | 0,91 € |
| Prix par m² | 0,00 € |
| Type de vente | Investissement |
| Type de bien | Industriel/Logistique |
| Sous-type de bien | Entrepôt |
| Classe d’immeuble | C |
| Surface du lot | 0,66 ha |
| Surface utile brute | 9 056 m² |
| Nb d’étages | 5 |
| Année de construction/rénovation | 1921/1987 |
| Hauteur libre du plafond | 3,66 m |
| Nb de portes élevées/de chargement | 4 |
| Nb d’accès plain-pied/portes niveau du sol | 1 |
SERVICES PUBLICS
- Gaz
- Eau - Ville
- Égout - Ville
- Chauffage
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TAXES FONCIÈRES
| Numéro de parcelle | 68-30719 | Évaluation des aménagements | 68 154 € |
| Évaluation du terrain | 41 311 € | Évaluation totale | 109 465 € |
TAXES FONCIÈRES
Numéro de parcelle
68-30719
Évaluation du terrain
41 311 €
Évaluation des aménagements
68 154 €
Évaluation totale
109 465 €
ZONAGE
| Code de zonage | U-4 |
| U-4 |
CONTACTS
-
Philip Kates -
Nathan Coe -
Adam Sklaver -
Kyle Hynes -
Michael Glass -
Marcus & Millichap
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$1 Auction – 97K SF | Self-Storage Entitled | 711 Johnston St
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