203-205 S Main St - Storefront FOR SALE


Akron, OH 44308- Downtown Akron
$925,000 USD
330-328-3327
203-205 S Main St, Akron, OH for Sale
$925,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

203-205 S Main St
Akron, OH 44308
Downtown Akron


HIGHLIGHTS

  • Excellent Location Across From Lock 3 Park
  • Surrounded by Downtown Akron Amenities
  • Gorgeous Apartment on Top Floor and More

OVERVIEW

This phenomenal investment property for the investor that is looking to own a property in the heart of Downtown Akron, directly across from the recently renovated, Lock 3 Park. Lock 3 offers year round activities such as concerts, ice skating, fireworks and more. The first floor of 205 S. Main Street was previously the home of Baxter’s Bar, but now has been occupied by Bar Phoenix, which specializes in bold craft cocktails. Bar Phoenix offers a jazz influence lounge for live music and offers private events too. The second floor of the building is currently utilized as storage, but it could potentially be used for office or apartment use. The third floor is a beautiful spacious 2 bedroom apartment with living room, full kitchen and two bathrooms. It is currently under lease. 205 S. Main has a small garage that is currently use by the apartment tenant and is situated next to the parking garage for quick and easy access. 203 S. Main St. is connected to 205 S. Main St. and contains the iconic Peanut Shoppe, which takes you back in time with it’s nostalgic décor. The Peanut Shoppe and Bar Phoenix have both signed long term leases. Please contact Tom Franjesh or Jennifer Fernandez for financial information.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,460 SF

ZONING

U3

APN/PARCEL ID

68-17767

ASK ABOUT THIS PROPERTY

Tom FranjeshHoff & Leigh Commercial Real EstateMore Info
330-328-3327

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Tom FranjeshHoff & Leigh Commercial Real EstateMore Info
330-328-3327

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.