Former home of Little Forest Nursing Home for sale in Downtown Akron! This property is currently in middle to late stages of conversion to luxury apartments on 2nd and 3rd floors. 1st floor will be a hotel style lodging with full-service kitchen/restaurant. See attached floor plan.
Building is still under construction so currently unoccupied, however proforma income projections support significantly greater than market return at current listing price.
Downtown Living with All-Inclusive Rent (See Website for List of Amenities) 1/2 Mile from SR-8
1/2 Mile From SR-8, University of Akron
Newly Repaved Parking Lot with Substantial Parking
1.67 AC of Land Accessible from Both E. Market and Carroll
All new Interior Fixtures, Windows, and Balconies
Walkable Distance to Summa/City Hospital
Updated Photos Coming!
Cap Rate: 9.84%