788 N Main St - Storefront Retail/Residential FOR SALE


Akron, OH 44310- North Hill
$1,785,000 USD
330-760-4494
788 N Main St, Akron, OH for Sale
$1,785,000 USD
Storefront Retail/Residential - FOR SALE
1/23
null | 8% Cap Rate

788 N Main St
Akron, OH 44310
North Hill


HIGHLIGHTS

  • Mixed-Use Investment Property For Sale
  • 772-776 N. Main St: 1 Restaurant Space and 8 Apartment Units
  • 788-798 N. Main St: 5 Retail Units and 18 Apartment Units
  • New Roof on 772-776 N. Main Street Building
  • Many Updates to Furnace Units and Air Condensors
  • Several Residential Units have been Remodeled

OVERVIEW

Two mixed-use properties on a well-traveled corridor in the Highland Square neighborhood of Akron. These properties are located at the signalized corner of N. Main Street and E. Cuyahoga Falls Avenue across from People’s Bank. The two properties are located only 1.5 miles from Downtown Akron, from the Akron/ Cuyahoga Falls border, and State Route 8. The 772-776 N. Main Street building consists of one retail unit on the first floor and a total of 8 residential units on the other two floors. The 3,000 SF restaurant unit was recently vacated and is available for lease. This space has a hood system and most of the equipment necessary to open a restaurant immediately. The space also has a large dining area, a large bar area, a covered outdoor patio, and a basement under the bar area where there is a cooler and plenty of room for storage. This building also had a new roof recently installed. The 788-798 N. Main Street building consists of five retail units that are currently all occupied with long-term tenants. One tenant occupies two units so there are four tenants occupying the five retail spaces. There are a total of 18 residential units on the second and third floors. This building also has a basement with coin-operated washers and dryers for the tenants to use. These buildings have been well-maintained and are professionally managed. The residential units rent quickly and do have upside on the rents. These buildings do have a shared parking lot and plenty of free street parking. PLEASE DO NOT DISTURB THE TENANTS If you would like more information or would like to tour the properties, please contact Ed Jesson at 330-760-4494. Highlights *Mixed-Use Investment Property For Sale *772-776 N. Main St: 1 Restaurant Space and 8 Apartment Units *788-798 N. Main St: 5 Retail Units and 18 Apartment Units *New Roof on 772-776 N. Main Street Building *Many Updates to Furnace Units and Air Condensors *Several Residential Units have been Remodeled *Located at a Signalized Corner on N. Main Street and E. Cuyahoga Falls Avenue *Located 1.5 Miles from Downtown Akron *Located 1.5 Miles from SR 8

FOR SALE DETAILS

PRICE

$1,785,000 USD

PRICE/SF

$198 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

U-3, Retail Business

APN/PARCEL ID

67-39978,68-01821,68-06638,68-06639,68-26197,68-26918

ASK ABOUT THIS PROPERTY

Ed JessonHoff & Leigh Commercial Real EstateMore Info
330-760-4494

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Ed JessonHoff & Leigh Commercial Real EstateMore Info
330-760-4494

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