Downtown Akron Bar/Restaurant
For Sale
Contact for pricing
203-205 S Main St, Akron, OH
Bar/restaurant space for lease in downtown Akron.
Property Size3,140 SF
Lot Size0.24 Acres
Price / SF$294.59
Days on Market670
Property Features for 203-205 S Main St
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Listing Agency:
Hoff & Leigh
(330) 328-3327
Listed By:
Tom Franjesh · License #BRKP.2009002386
(330) 328-3327
Source:
Moodyscre
Added: Oct 1, 2024
Changed: Jul 10
Last Checked: Jul 21 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoff & Leigh
Investment Insights
Based on property information with market context.
The property available for lease is a bar and restaurant space situated in downtown Akron. The space is located on the Main Street level of the building at 205 S Main Street. Its location is directly across the street from Lock 3 Park, a venue that hosts year-round activities including seasonal concerts, ice skating, and fireworks. The property contains mostly updated restaurant and bar equipment and has a size of 3140 square feet.
Key Highlights
- Amazing downtown Akron location directly across from Lock 3 Park
- High foot traffic due to year‑round activities at Lock 3 Park
- Existing bar/restaurant setup on the Main Street level
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.4k | $16.68 |
| − Vacancy | −$1.7k | −$0.55 |
| EGI | $50.6k | $16.13 |
| − OpEx | −$12.7k | −$4.03 |
| NOI | $38.0k | $12.10 |
3,140 SF · lease $16.68/SF/yr · vacancy 3.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$542.6K
$474.8K – $633.1K
NOI $37,985 @ 7.0% cap · market cap 4.11%
Second Best
Retail
$506.5K
$443.2K – $590.9K
NOI $35,453 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$770.6K
$674.3K – $899.0K
NOI $53,941 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Speedway
Shops & Services
15,192 visits/mo
0.4 miles
SUBWAY
Dining
2,410 visits/mo
0.1 miles
Pizza Hut
Dining
2,365 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
1,802 visits/mo
0.0 miles
Public Storage
Shops & Services
1,145 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Akron, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DeMarini's Roo-Thru — 440 E Exchange St, Akron, OH 44304
- Buffalo Wild Wings Akron — 456 E Exchange St, Akron, OH 44304
- Clouds Hookah Lounge — 356 S Main St, Akron, OH 44311
- Manny's Pub — 394 Brown St, Akron, OH 44304
- Score Draft Room — 426 E Exchange St, Akron, OH 44304
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar/restaurant space for lease in downtown Akron.
Where is this bar & pub located?
The property is located at 203-205 S Main St Akron, OH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Amazing downtown Akron location directly across from Lock 3 Park; High foot traffic due to year‑round activities at Lock 3 Park; Existing bar/restaurant setup on the Main Street level
