Property Details:

• Listing Type: Sale
• Primary Use: Redevelopment
• Total Acres: 2.92
• Sale Price: $1,300,000
• Gas: Public
• Sewer: Public
• Water: Public
• Parcel Number: 6756811
• Zoning: PDD1
• Sub Market: Akron/Canton Area

Property Description:

Originally a Georgian Revival style building that served as a men’s’ club tailored to the rubber industry in Akron. Rehabilitation could generate millions in revenue depending upon anticipated use, and would have significant impact on the local economy. Opportunity Zone Investment and redevelopment opportunity for qualified developers, with a chance to restore the grandeur to one of Akron's historic treasures. Ideal for a boutique hotel, conference center, retail, offices, restaurants, banquet facilities or entertainment center, among other uses. Prime 2.92 acre site in the heart of Akron and the University. State and Federal tax incentives possible, as well as large Ohio Historic Tax Credits. Currently has 200 parking spaces. The University of Akron is accepting proposals through Cushman & Wakefield | CRESCO exclusively, and is not obligated to the sell the property.

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