Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2473/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1281 S. Arlington Street in Akron, Ohio 44306 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, providing an attractive opportunity for owner-users or investors to acquire a highly visible and strategically located asset at a compelling discount. FIRST BID MEETS RESERVE! Constructed in 1991, the Property consists of a one-story retail building totaling ±6,004 gross square feet on a ±0.517-acre parcel (±22,520 SF), with 20 surface parking spaces. The site features two dedicated curb cut for ingress/egress and boasts ±180 feet of frontage along S Arlington Street—a major arterial thoroughfare with ±14,284 vehicles per day (VPD)—just east of Interstate 77, providing excellent accessibility and regional connectivity. The Property offers a high-visibility pylon sign and was previously occupied by Advance Auto Parts on a NNN lease and offers potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $13-16/SF NNN). Zoned U-3, H2, A3 (Retail Business District), this zoning offers favorable flexible zoning allowing for a variety of uses. The Property is located in the southeastern portion of Akron, within Summit County, and forms part of the broader Cleveland–Akron–Canton Combined Statistical Area, one of Ohio’s most populous and economically diverse regions. Akron offers strategic connectivity to major metro markets including Canton (±25-min), Youngstown (±50-min), and Cleveland (±1-hr from the Property), while maintaining affordable operating costs, a diverse employment base, and ongoing reinvestment in local infrastructure and commercial corridors. This high-visibility location places the Property along S. Arlington Street, a key retail and commuter corridor just east of Interstate I-77 (±122,982 VPD) and west of US-224 (±39,447 VPD). The Property is located within a highly active commercial trade area that includes Walmart Supercenter, Giant Eagle, The Home Depot, ALDI, and other nationally recognized tenants. The site offers exceptional accessibility with a bus stop immediately in front of the Property and a WalkScore of 72, Very Walkable. The Property is also proximate to major demand drivers including Akron Fulton Airport (±5-min), Goodyear Tire & Rubber Company’s Global Headquarters (±4-mi), Summa Health System’s Akron Campus (±600 beds), and the University of Akron, all of which contribute to recurring weekday demand from employees, contractors, visitors, and regional shoppers. The site is located within a dense trade area with nearly 73k residents within a 3-mile radius and 181,407 residents with an average household income of ±$64,850 within 5 miles.