314 Pioneer St

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314 Pioneer St

Akron, OH 44305
Asking Price
$279K
Asset Type
Retail
Class
Class B

What's Special

314 Pioneer Street is situated in the Middlebury neighborhood of Akron, Ohio, an area characterized by a mix of established residential pockets and industrial corridors. The property is located near the intersection of East Market Street, providing proximity to the Akron General Medical Center and the University of Akron campus. Local amenities include several grocery outlets and community service centers. The site offers convenient access to State Route 8 and Interstate 77, facilitating regional transit and logistical connectivity within the greater Akron area. The property is suited for neighborhood-scale retail services or small-scale commercial operations. Potential use cases include convenience retail, specialty boutiques, or service-oriented businesses such as hair salons and repair shops. The typical tenant profile includes local entrepreneurs and independent business owners seeking a functional storefront with street-level visibility. Given its location near high-traffic educational and medical institutions, the asset is also positioned for businesses catering to the daily needs of area professionals, students, and local residents.

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NOI
$80,000
Cap Rate
28.67%
DSCR
4.83
Strong
Cash-on-Cash
75.79%
Monthly Payment
$1,380.34
Annual Cash Flow
$63,435.923

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