3093 S. Main Street Akron OH 44319
1.2657 acres lot in on a main street in a very good neighborhood in Akron.
Lot dimensions:
Frontage: 132 ft depth: 418 ft
Average listing price in this neighborhood: $155,000 (Trulia.com)
The lot tremendous potential located on a main busy road in a mixed commercial / residential area in Portage Lakes about 5 miles south from Downtown Akron.
The property has potential for many uses including showroom/ retail, gas station, restaurant, bar, store/ market, motel, entertainment, club or sport facilities or other potential uses, subject to zoning.
Classification/ zoning: Commercial
Good location:
The lot is on a high traffic street with easy access and situated in a commercial area with some residential nearby, across the street from an established local bar and convenience store. It is located just north of Portage Lakes Drive on east side of S. Main Street in Coventry Twp and only 1.5 Miles from 244/277 Hwy.
The lot is local close to shopping and dining and comprehensive local amenities and facilities.
Restaurants
D'Angelo's Italian Place (.3mi), Rose Villa Restaurant (.7mi), Molly Brown's Country Café (.8mi), Asian Gardens Restaurant (.8mi), Southern Gardens Tea Room (.8mi), On Tap Grille and Bar (.8mi), The All-American Relish Company (1.3mi), Subway (1.3mi), Hackers Bar & Grill (1.3mi), Woodys (1.4mi), Pizza Hut (1.4mi), Coventry Diner (1.6mi), Tito's Mexican Grill (1.6mi), Johnny J's Pub & Grille, Lakes (1.6mi), A Gild Pizza (1.6mi), Upper Deck Bar & Grill (1.6mi), Dietz's Landing (1.6mi), Subway (1.7mi), Taco Bell (1.7mi), Wendy's (1.7mi), Mr. Hero (1.7mi), Honeymoon Grille (1.7mi), China House (1.7mi), Basement at the Lakes (1.7mi), Domino's Pizza (1.7mi), Burger King (1.7mi), Golden Corral (1.7mi), Mr. Hero (1.8mi), Number 1 Kitchen (1.8mi), IHOP (1.8mi), Happy Family Buffet (1.8mi), Denny's (1.8mi), VFW (1.8mi), Applebee's (1.8mi), Micasa Mexican Restaurant (1.8mi), Pillitiere's Restaurant (1.8mi), Hungry Howie's Pizza (1.8mi), Subway (1.8mi), Burger King (1.9mi), Papa John's Pizza (1.9mi), Cliffside Key Club (1.9mi), Steinly's Restaurant (1.9mi), House of Hunan (1.9mi), Basement Sports Bar & Grill (1.9mi), Chip's Pizza & Chicken (1.9mi), Waffle House (1.9mi), Subway (1.9mi), Waterloo Restaurant & Catering (1.9mi),
Coffee
McDonald's (1.7mi), Dunkin' Donuts (1.7mi), Starbucks (1.7mi), Sheetz #311 (1.8mi), Starbucks (1.9mi), GetGo Gas Station (1.9mi), Panera Bread (2.1mi), McDonald's (2.1mi), GetGo Gas Station (3.5mi), Tansations Tanning (3.5mi), McDonald's (3.5mi), Dunkin' Donuts (3.6mi),
Bars
The Red Bull (.06mi), Sandbar (1.3mi), Dano's Lakeside Pub (1.5mi), Southpark Lounge (1.6mi), Amish Kitchen (1.6mi), Upper Deck Angular Velocity (1.7mi), Jdh Offices (1.7mi), The Basement At The Lakes (1.7mi), The Basement (1.9mi), Ripper's Rock House (2mi), Kelly Commodities (2mi), K C's Suburb Inn (2.1mi), This Bar (2.1mi), Shooters Pub (2.1mi), Sam-E's Lounge Inc (2.1mi), Dusty's Landing (2.4mi), The Stadium Pub (2.6mi), Barb & Doug's Nashville Night S (2.6mi), Karam's Lounge (2.6mi), Talk of The Town (2.7mi), Inferno (2.7mi), My Place (2.7mi), Park Place Pub (2.8mi), Howie's On The Lake (3mi),
Groceries
United Food Buyers (.8mi), Portage Lake Fishing Pond (1.2mi), Acme Fresh Market No. 14 (1.6mi), KostKlip (1.7mi), Save-A-Lot (1.7mi), El-Canelo Market (1.7mi), Buehler's Portage Lakes (1.7mi), Shaffer's Market (1.8mi), Marc's Stores (1.8mi), Giant Eagle Supermarket (1.9mi), Walmart Supercenter (1.9mi), Figaro Farms (2mi), Arlington Ridge Marketplace (2mi), More Than Convenient Market (2.1mi), Camelo (2.4mi), Plant Kingdom Bakery &Snackery (2.4mi), Ms. Julie's Kitchen (2.4mi), Country Pure Foods Inc (2.5mi), Save-A-Lot (2.6mi), Firestone Mini-Mart (2.9mi), ALDI Akron (2.9mi), Far East Oriental Market (3.3mi), Asian Supermarket (3.3mi), ARCHWOOD MARATHON (3.3mi),
Parks
Portage Lakes Wetland State Nature Preserve (.6mi), Firestone Metropolitan Park (.9mi), Heintz Park (2.1mi), Lake Nesmith Park (2.2mi), Wilbeth Arlington Park (2.5mi), Firestone Park Stadium (2.7mi), Hillwood Park (2.8mi), Portage Lakes State Park (2.9mi), Lisa Ann Park (3mi), Tuscora Park (3.4mi), Shadyside Park (3.6mi), Kenmore Stadium (3.8mi), Prentiss Park (3.9mi), Saint Marys Stadium (4mi), Elson Park (4mi), Kenmore Park (4mi), Chestnut Ridge Park (4mi), Clearview Park (4.1mi), Summit Lake Park (4.1mi), Crisman Park (4.2mi), Water Tower Park (4.2mi), Airport Park (4.2mi), Goodyear Field (4.3mi), Newton Park (4.3mi),
Schools
Lakeview Elementary School (.4mi), Coventry Junior High School (1.5mi), Erwine Middle School (1.6mi), Turkeyfoot Elementary School (1.7mi), Coventry High School (1.7mi), St Francis De Sales School (1.9mi), Voris Community Learning Center (2mi), Rimer Elementary School (2.4mi), Barrett Elementary School (2.5mi), St Paul School (2.6mi), Chapel Hill Christian School-green Campus (2.6mi), Greater Summit County Early Learning Center (2.6mi),
Shopping
The Lily Pad, Children's Resale Shop (.8mi), Prestige Fashions Inc (.9mi), MediTrain, LLC (1.6mi), Party Times Beverage (1.6mi), Chapparells Baton & Drum Corporation (1.7mi), Costume Design Akron Oh (1.7mi), Stitches & Screens (1.8mi), Wear to Go (1.8mi), Brenda June (1.9mi), Target (1.9mi), Hibbett Sports (2mi), lifelovewomen.com (2.2mi), Elyse's Boutique Bridal & Prom (2.3mi),
Entertainment
Chateau Laroche Loveland, Ohio (2.4mi), Regal Cinemas Interstate Park 18 (2.7mi), Tweaker Mansion Pt.2 (3.6mi), Tweaker Mansion 2 (3.7mi), National Museum of Education (3.7mi), Lake 8 Movies (4.6mi), Akron Airship Historical Center (4.8mi),
Errands
Towpath Credit Union (1.3mi), Firestone Credit Union (1.4mi), American Used Equipment Co (1.6mi), Acme Pharmacy (1.6mi), FirstMerit Bank (1.6mi), Charter One Bank (1.7mi), PNC Bank (1.7mi), Citizens Bank (1.7mi), Hoffman's Ace Hardware (1.7mi), FirstMerit Bank (1.7mi), Ace Hardware Corporation (1.7mi), Ad-Direct Inc (1.7mi), Sara Wohlgamuth, PharmD (1.7mi)
(walkscore.com)
Demographics:
Home Owners: 81%
Median age: 45
College educated: 30%
Median Household Income: $58, 598
Crime: Very Low
(Trulia.com)
Great investment:
Average listing price in this neighborhood: $155,000 (Trulia.com)
Comparable lots:
For Sale
Corner of Cottage Grove & East Turkeyfoot Lake Rd , Akron OH 44319- 2.5 acres $398,000
3040 Manchester Rd Akron, OH 44319- 0.85 acres- $164,900
Grey Village Drive, Akron, OH 44319 – 0.64 acres - $129,000
SOLD
80 Leicester Drive, Akron, OH 44319 (0.1 miles away on a side street) – 0.09 Acres- SOLD 11/07/2013 - $64,000- ($751,844.72/Acre)
43 W Bellisle Drive, Akron, OH 44319 (0.1 mile away on a side street)- 0.19 Acres- SOLD 12/15/2015- $82,500 ($423,785/ acre)
3208 S Main Street, Akron, OH 44319 (0.2 miles away on the same main St)- 0.09 Acres- SOLD 06/23/2014 - $125,000 ($1,361,590/ acre)
104 Radnor Avenue, Akron, OH 44319 (0.3 miles away on a side street)- 0.06 Acres – SOLD 06/12/2017- $75,000 ($1,219,029/ acre)
19 E Ingleside Drive, Akron, OH 44319 (0.3 miles away on a side street)- 0.1735 Acres – SOLD 04/09/2014- $115,000 ($662,443/ acre)
92 Yarrowdale Drive, Akron, OH 44319 (0.35 miles away on a side street)- 0.1705 Acres – SOLD 04/09/2014- $113,500 ($665,687/ acre)
50 W Ingleside Drive, Akron, OH 44319 (0.3 miles away on a side street)- 0.07 Acres – SOLD 04/19/2013- $88,000 ($1,277,760/ acre)
Based on the above comparables, the sale of this lot offers a great investment opportunity.
Real Estate Tax:
Summit County Parcel ID #: 19-02811 and 19-02812
Back taxes due: Total amount is currently $26,149.05 (due to lien from demolition of property that was on the lot). The county agreed for this amount to be paid as follows:
- 10 % now: $2,614.9 (being paid by the seller)
- Balance over 5 years (60 months) at the rate of $393 per month to be assumed by the purchaser.
Yearly tax (2016):
19-02811: Current Net Taxes: $981.69
19-02812: Current Net Taxes: $455.46
PROPERTY IS SOLD AS IS, WHERE IS
Sold on a Quit Claim Deed with buyer assuming the above real estate taxes and liens. The seller is paying 10% leaving payments of $393/ month to be assumed by the buyer. There are no other taxes or liens due on this property. A lien search (date: August 2017) is attached to the Due Diligence section.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $250 deed prep and doc fee as well as 8 % premium (minimum $250).
10% non-refundable deposit (minimum $1,000), auction premium and $250 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 1 week the Auction close.
All bidders to do their due diligence. Sold on a Quit Claim Deed with buyer assuming real estate taxes, liens and encumbrances (if any). No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. Buyers are bound by the Purchase Agreement which is attached under the Due Diligence section. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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