2840 & 2850 W Market Street
2840 & 2850 W Market Street photo 2
2840 & 2850 W Market Street photo 3
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5 photos

$2,650,000

2840 & 2850 W Market Street
Fairlawn, OH 44333
Listed by Gina Luisi · Berkshire Hathaway HomeServices Stouffer Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1974

About this home

An exceptional opportunity to acquire a signature commercial investment in the heart of Fairlawn. This offering includes two adjacent commercial buildings situated on approximately 1.08 acres along highly traveled West Market Street, one of Northeast Ohio’s premier retail corridors. The portfolio consists of an extensively renovated freestanding cafe/restaurant with drive-thru and outdoor patio and a renovated two-story multi-tenant retail/office building totaling more than 9,400 square feet. Both properties underwent significant renovations in 2018 and feature updated exterior finishes, modern interiors, rooftop HVAC systems, shared access, and abundant parking. Positioned near Summit Mall and surrounded by national retailers, restaurants, medical offices, and hospitality, this offering presents a rare opportunity to acquire a well-located, high-quality commercial asset with excellent long-term investment potential. Excellent established leases. Businesses are not for sale. Buildings can be sold separately. See MLS 5230580 and 5230608. Do Not Bother Tenants.

Property details

MLS #
5230621
Property type
Retail
Subdivision
W Mkt Sub
Status
Active
Days on market
N/A
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
1.08 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Herberich Primary Elementary School
0.77 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
235
Student:teacher ratio
18.1:1
District
Copley-Fairlawn City
Middle
Litchfield Middle School
2.23 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
598
Student:teacher ratio
13.6:1
District
Akron City
High
Firestone High School
2.23 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,236
Student:teacher ratio
15.1:1
District
Akron City

Mortgage calculator

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Est. monthly payment
$16,109/mo
$530,000 down
$2,120,000 loan
Principal & interest$13,750
Property tax (est.)$2,208
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 11 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.