Reportedly the closest house to the Kent State University campus, this is a rare opportunity to own an established student rental in an exceptionally in-demand location! This property has been operating as a student rental since before 1978, providing decades of proven rental history. The property is configured with 8 private bedrooms/units, with tenants renting by the room and sharing the common living room, kitchen, and bathrooms. Five rooms are currently occupied, while the remaining three are being actively marketed for the 2026–2027 school year, giving a new owner the opportunity to step into an established rental operation with additional leasing upside. A significant opportunity exists through the property's below market rents. Current rents range from $525–$610 per bedroom, depending on room size, while market rents support approximately $600–$650 per bedroom and $800–$1,000 for the basement apartment unit. The property operates at an approximate 8% cap rate, despite current rents remaining below market. Though there's 8 rentable spaces, the City of Kent has licensed the property for up to 10 occupants, providing additional potential to maximize income. The basement apartment unit and one of the larger bedrooms can accommodate 2 occupants each, allowing an owner to utilize the property's full licensed capacity. The pro-forma cap rate has the potential to exceed 10%, depending on the level of rent increases implemented and whether additional occupants are added. Additional value comes from the property's off-street parking, featuring parking areas in both the front and the rear, that can accommodate 14 vehicles total. The property's unmatched location is its greatest asset. Arguably one of the best student rental locations near Kent State University, this property offers the type of campus proximity that students want and investors rarely find. There is currently nothing else on the market that compares. This is truly a one-of-a-kind investment opportunity!
After 30 years of successful ownership of one of the flagship bars in downtown Kent University college town, owner is exploring leaving the bar business and enjoy lakes, boats and sunsets! Here is your opportunity to snag a location stable enough to stand the test of time. Currently known as Brewhouse and Brew down, it was also know in the past as JB's Downunder where it featured many artists such as the Red Hot Chili Peppers, Glass Harp, Eric Carmen, The Rasberries, and Joe Walsh. This location also housed a Paninis restaurant. It currently does not operate with a kitchen, but the opportunities are there for the next owner. The space is absolutely massive. Maybe use some of the unused areas for event rentals? Maybe office? Your vision! Get in now before the start of the new school year! Comes with liquor license and all interior contents, minus a few memorabilia items that may be held back. The current operating sqft is roughly 7,840 with another entire third level that was semi finished with roughly another 3,000+ sq ft, becoming potential of roughly 11,000sqft of entertainment space! There is one totally separate bar in the lower level currently called BrewDown and then the main bar on the main level currently operating as Brewhouse. Could that space downstairs be the next Speakeasy? Upstairs has it's own entrance as well. It's a pretty neat space that could be offices? Maybe work cohab spaces? Check out the live video in the link which was recorded in mid May.
Discover an exciting opportunity to own Fresco Mexican Grill & Salsa Bar, a well-established Mexican restaurant situated on corner lot in vibrant downtown Kent. This turnkey business offers prime exposure in a bustling area known for heavy foot traffic, local attractions, and a steady flow of students, residents, and visitors. Fresco’s location is hard to beat—just minutes from major highways, making it convenient and accessible for dine-in guests, takeout, and delivery services. With 2400 sq. ft. of space. It The restaurant is fully operational with an inviting atmosphere, established customer base, and strong local reputation. Whether you’re an aspiring restaurateur or an investor looking to expand your portfolio, Fresco provides a rare chance to step into a thriving business in one of Kent’s most desirable locations. Don’t miss the potential this well-positioned restaurant has to offer! Rent is $4,000.00 a month and CAM fees are $1,700.00 a month for a total of $5,700.00.
Location, location, location. Within a minute of I 76, this property is near many retail establishments. Property is zoned integrated commercial which offers great flexibility for uses of the property that range from retail to professional office to multi family residential. There is a house on the property that could be renovated to use as office space. Water is available just to the east of the property. Electric, gas and public sewer are available. Parking available at the adjacent lot for viewing.
PLEASE DO NOT APPROACH EMPLOYEES!!! DIRECT ALL QUESTIONS TO BROKER. FF&E, Liquor Permit & BUILDING Henry Wahner's Restaurant – Established in 1956 Located at 1609 E Main St, Kent, OH, Henry Wahner's HAS CLOSED owner retired. Restaurant has been a cherished community institution for nearly 70 years. Specializing in authentic German and American cuisine, this family-owned establishment has become renowned for its generous portions, nostalgic atmosphere, and traditional recipes that have stood the test of time. Key Highlights: *Established in 1956, offering nearly seven decades of culinary excellence and history. *Signature dishes include Prime Rib, Wiener Schnitzel, and Surf and Turf. *German specialties like Sauerbraten, Spaetzle, and homemade sausages are local favorites. *Known for enormous portions and a welcoming, "mom-and-pop" ambiance. *Features a full bar, with a selection of wines and beers to complement the hearty meals. *Cash or check only, which maintains the restaurant's old-world charm. *Conveniently located on a high-traffic road in Kent, OH, drawing regulars and travelers alike. This is a rare opportunity to acquire a well-established and beloved local restaurant with deep ties to the community. Henry Wahner's offers significant potential for growth while benefiting from its existing loyal customer base and strong reputation.
.50 of an acre in Franklin Township. Kent City Schools. Property is zoned Commercial/Residential. Asphalt grindings/base have been put down. See MLS cross reference # 5043902
Kent is located in Ohio. Kent, Ohio has a population of 27,912. Kent is more family-centric than the surrounding county with 30.84% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in Kent, Ohio is $36,799. The median household income for the surrounding county is $64,163 compared to the national median of $69,021. The median age of people living in Kent is 23.7 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 38.5 inches per year, with 52 inches of snow per year.
