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Conversion with Self-Storage Pre-Approved 711 Johnston St 9 127 m² Inoccupé Industriel/Logistique Vente aux enchères en ligne Akron, OH 44306
Informations principales sur l'investissement
- 711 Johnston Street presents 98,246 square feet ready to be converted/redeveloped, with approved self-storage plans.
- $1.75M in historic tax credits and a complete set of approved self-storage plans provide a shovel-ready redevelopment opportunity.
- University of Akron's large student population and annual housing turnover drive consistent demand for self-storage throughout the Akron market.
- Prominently located at the central interchange in Akron of Interstates 77, 76, and Route 8; approximately 1 mile from the University of Akron.
- Current features include four loading docks, one (10’x10’) drive-in door, and all five floors equipped with a freight elevator shaft.
- Absolute auction | Starting bid $1.
Résumé analytique
NAI Pleasant Valley is pleased to present the sale of 711 Johnston Street in Akron, Ohio. The property offers an investor the opportunity to acquire a fully entitled self-storage conversion or pursue various redevelopment options, with a significant $1.75 million in historic tax credits.
Originally constructed in the 1920s, the 98,246-square-foot, five-story warehouse played a significant role in Akron's tire industry, notably associated with the Schrader Valve, a component still used in vehicle and bicycle tires today. The proposed conversion opportunity has pre-approved an updated facility comprising over 500 climate-controlled units and roughly 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 113,000 vehicles per day. The development has secured $1,750,000 in historic tax credits, which can be sold to an investor for equity upon project completion or retained by the developer. The Akron self-storage market has historically been identified as undersupplied, with prior market studies citing just 4.41 net rentable square feet per capita within a 3-mile radius and more than 600,000 square feet of unmet demand.
Akron's strategic location between Cleveland and Canton, along major interstate corridors, makes it a key distribution and logistics hub. The region's industrial market is tight, with availability rates among the lowest in the nation, reflecting a high barrier to entry for manufacturing and warehouse space. Recent investments, such as the $31 million Greater Akron Polymer Innovation Hub, aim to accelerate growth in advanced materials and related sectors.
Developers seeking a transformational adaptive reuse opportunity are encouraged to capitalize on 711 Johnston Street's unique combination of approved self-storage plans, $1.75 million in historic tax credits, and a strategic location at the crossroads of Akron's major transportation corridors. With nearly 100,000 square feet primed for redevelopment, existing loading infrastructure in place, and strong demand drivers from the University of Akron, a dense surrounding population, and a historically undersupplied storage market, the property offers a rare opportunity to accelerate a project, with much of the entitlement work already completed. Whether pursuing the approved self-storage conversion or evaluating alternative redevelopment strategies, this asset provides the scale, incentives, and market fundamentals to create significant long-term value.
Property tours are by appointment only. Please contact the listing broker to schedule.
Originally constructed in the 1920s, the 98,246-square-foot, five-story warehouse played a significant role in Akron's tire industry, notably associated with the Schrader Valve, a component still used in vehicle and bicycle tires today. The proposed conversion opportunity has pre-approved an updated facility comprising over 500 climate-controlled units and roughly 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 113,000 vehicles per day. The development has secured $1,750,000 in historic tax credits, which can be sold to an investor for equity upon project completion or retained by the developer. The Akron self-storage market has historically been identified as undersupplied, with prior market studies citing just 4.41 net rentable square feet per capita within a 3-mile radius and more than 600,000 square feet of unmet demand.
Akron's strategic location between Cleveland and Canton, along major interstate corridors, makes it a key distribution and logistics hub. The region's industrial market is tight, with availability rates among the lowest in the nation, reflecting a high barrier to entry for manufacturing and warehouse space. Recent investments, such as the $31 million Greater Akron Polymer Innovation Hub, aim to accelerate growth in advanced materials and related sectors.
Developers seeking a transformational adaptive reuse opportunity are encouraged to capitalize on 711 Johnston Street's unique combination of approved self-storage plans, $1.75 million in historic tax credits, and a strategic location at the crossroads of Akron's major transportation corridors. With nearly 100,000 square feet primed for redevelopment, existing loading infrastructure in place, and strong demand drivers from the University of Akron, a dense surrounding population, and a historically undersupplied storage market, the property offers a rare opportunity to accelerate a project, with much of the entitlement work already completed. Whether pursuing the approved self-storage conversion or evaluating alternative redevelopment strategies, this asset provides the scale, incentives, and market fundamentals to create significant long-term value.
Property tours are by appointment only. Please contact the listing broker to schedule.
Data room Cliquez ici pour accéder à
- Purchase Agreement
Analyses du marché Cliquez ici pour accéder à
Informations sur l’immeuble
| Type de vente | Investissement | Nb d’étages | 5 |
| Condition de vente | Vente aux enchères | Année de construction/rénovation | 1921/1987 |
| Type de propriété | Pleine propriété | Ratio de stationnement | 0,01/1 000 m² |
| 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 | Numéro de parcelle | 68-30719 |
| Surface utile brute | 9 127 m² | ||
| Zonage | U-4 - Industrial | ||
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de bien | Industriel/Logistique |
| Sous-type de bien | Entrepôt |
| Classe d’immeuble | C |
| Surface du lot | 0,66 ha |
| Surface utile brute | 9 127 m² |
| Nb d’étages | 5 |
| Année de construction/rénovation | 1921/1987 |
| Ratio de stationnement | 0,01/1 000 m² |
| Hauteur libre du plafond | 3,66 m |
| Nb de portes élevées/de chargement | 4 |
| Nb d’accès plain-pied/portes niveau du sol | 1 |
| Zonage | U-4 - Industrial |
| Numéro de parcelle | 68-30719 |
Services publics
- Gaz
- Eau - Ville
- Égout - Ville
- Chauffage
1 1
Moyennement praticable à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Assez praticable en vélo
30/100
À propos du quartier Akron
Akron is among the five largest cities in Ohio and is home to nearly 200,000 residents. Healthcare, education, and manufacturing represent some of the area’s major industries. Top employers in Akron include Summa Health System, Akron General Health System, Goodyear, and Kent State University. Located 40 miles south of Cleveland, Akron is accessible via major roadways such as Interstate 78 and State Route 8. The area is also home to the Akron-Canton Airport and the Akron Fulton International Airport.
Akron’s urban amenities and affordability make the area a sought-after location for families and young professionals. In addition to several museums and cultural attractions, popular destinations in Akron include the Akron Zoo, Lock 3 Park, and the Cuyahoga Valley National Park. Akron is also home to several universities including The University of Akron, Kent State University, and Midwestern University.
With mid-level rents and access to over 50% of US households within a one-day drive, Akron is an attractive location for industrial tenants and investors alike. Some of the top leases signed in recent quarters come from tenants such as All Pro Freight Carriers, Haydon Corporation, and Full Circle Logistics.
Données démographiques
Accessibilité régionale
Ville
Population
Miles
Temps en voiture
Columbus
892 533
122
2 h 21 m
Indianapolis
867 125
300
5 h 39 m
Chicago
2 705 994
372
6 h 57 m
Philadelphia
1 584 138
406
7 h 34 m
New York
8 398 748
448
8 h 33 m
Charlotte
872 498
477
8 h 52 m
Accès et population active
10 Miles
Population totale
476 601
Population active totale
250 416
Taux de chômage
5,37%
Revenu médian du foyer
$64,171
Employés d’entrepôt
47 777
Enseignement secondaire ou supérieur
92,50%
Conseiller en vente
Conseiller en vente
Ronald Midcap, Senior Vice President
Ronald has over 5 years of experience overseeing NAI Pleasant Valley operations and listings.
À propos de la technologie des enchères
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
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Contact pour les enchères
Taylor Cunningham
Contact
Licence du commissaire-priseur :
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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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Conversion with Self-Storage Pre-Approved | 711 Johnston St
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Présenté par
Conversion with Self-Storage Pre-Approved | 711 Johnston St
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.