973 Kenmore Boulevard, Akron, OH 44314

$110,000

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Sold Price
$110,000
List Price
$150,000
Status
CLOSED
Days on Market
70
Closing Date
Jul 02, 2024
MLS#
5032923
Subtype
Commercial Sale
Year Built
1923
Acres
0.15
MLS Area Major
Akron

Property Description

This is a rare opportunity to own a slice of history in an up-and-coming location with buzz. 971-973 Kenmore Blvd is itself listed on the National Register of Historic Places and sits in a Historic District also listed on the NRHP. There are two attached structures totaling 7,150 sqft, with one tenant being a popular neighborhood tavern occupying the space since 1952 and the other, currently a clothing retailer, for the last 13 years. Rents total $1800 ($1250/$550). The Kenmore Eastern consists of the 49x26 bar & lounge area, a 16.5x16.5 kitchen, 2 public restrooms, a small outdoor area, and 2-4 parking spaces in the back. Beyond the parking spaces is a public parking lot out back and street parking in front. Ethicrace Clothing Retailer consists of a 31x31 public retail space with front desk/cashier, 23x33 back room/storage, 2 restrooms, and 2-4 parking spaces out back. Both units have considerable basements with office areas and storage space. Tenants pay all utilities. Akron’s largest neighborhood business district is housed at the center of Akron’s second largest neighborhood, with over 18,000 residents and over 90,000 workers within a 10-minute drive. It offers excellent public parking options and freeway access from three directions within a two-minute drive. Kenmore Blvd is on the cusp and becoming known as a safe, family-friendly arts district with music at its core. The BLVD is an up-and-coming business district. Better Kenmore Community Development Corporation has been actively working to revitalize the Blvd Historic District since 2016 through marketing, events, clean and safe efforts, beautification, creative placemaking, and business and real estate development. Get in now and be part of something special taking place all around you. Ask your realtor to access the supplements for form 1040 E, Income and Loss for 2020-2023, a copy of the 2 leases, 2023 Real Property, As-Is Appraisal, and The Blvd Historic District marketing booklet.

Additional Information

Taxes
$4,636
Zoning
Retail
Heating
Forced Air, Gas
Air Conditioning
Central Air
Stories
1
Levels
One
Foundation
Basement
Parking Features
On Site, Parking Lot, On Street
School District
Akron CSD - 7701

Listing Courtesy of: Eric Cooper, eric.cooper@cbschmidtohio.com With Coldwell Banker Schmidt Realty

Selling Office: Century 21 Carolyn Riley RL. Est. Srvcs, Inc..

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