772-798 N Main St 2 Properties Offered at $1,785,000 in Akron, OH

INVESTMENT HIGHLIGHTS

  • New Roof on 772-776 N. Main Street Building
  • Several Residential Units have been Remodeled
  • Many Updates to Furnace Units and Air Condensors
  • Located at a Signalized Corner on N. Main Street and E. Cuyahoga Falls Avenue

EXECUTIVE SUMMARY

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. If you would like more information or would like to tour the properties, please contact Ed Jesson at 330-760-4494.

PROPERTY FACTS

Price $1,785,000
Price / SF $58.86 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 30,328 SF
Total Land Area 1.23 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
772-776 N Main St, Akron, OH 44310 Retail 9,000 SF 1923 -
788-798 N Main St, Akron, OH 44310 Multifamily 21,328 SF 1920 -
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  • Listing ID: 35312395

  • Date on Market: 3/31/2025

  • Last Updated:

  • Address: 772-798 N Main St, Akron, OH