Multi-Family Space For Lease @ 237 Furnace St

SVN | Summit Commercial Advisors is pleased to present this very unique opportunity near downtown Akron. This 3-acre historic warehouse complex boasts over 60,800 SF.

The site currently features two structures with a party wall. The brick structure was built in 1893 by the Akron Soap Company. The second building is a steel and concrete warehouse constructed sometime 1930-1935.

Phase I (of the original 2-phase project) was completed in 2019 and includes renovation of the 1893 brick structure for commercial use and one 3rd story loft apartment. The first level and a section of the lower level of the 6-story warehouse was also renovated. The warehouse is prepped for conversion to (40-50 apartments).

The finished 1893 structure can easily be leased to commercial tenants or converted to apartments. New electric service, water and sewer lines, fire suppression system, parking expansion plan, etc. lays much of the groundwork. The City of Akron supports a residential/mixed-use project and incentives may be available in addition to the city’s 15-year residential property tax abatement. This space offers accomodations for: midrise.