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    22 N 7Th St Akron, PA 17501

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    For Sale
    $875,000

    Former schoolhouse with retail space and apartment units.

    Property size:
    7,800 SF
    Lot size:
    0.62 Acres

    Property Features for 22 N 7Th St

    General Information

    Size
    7,800 SF
    Lot size
    0.62 Acres

    Source: Bennett Williams Commercial - Lancaster Agent Tom Troccoli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Schoolhouse with Retail and Apartments

    This property is a former schoolhouse constructed in the early 1900s. Architectural details include original crown moldings, hardwood floors, chalkboards, and staircases. The building has a total size of 7800 square feet. A health food store currently occupies approximately 1,500 square feet on the first floor, paying a monthly rent of $3,000 plus utilities. There is an apartment on the second floor used by a massage therapist and esthetician who pays $100 per month. The basement has two storage tenants, one paying $70 per month and the other $30 per month. The low rents do not represent the much higher income that comes from the business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2046937
    Latitude
    40.1582983

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    FAQs

    What type of property is this?
    Retail space - Former schoolhouse with retail space and apartment units.
    Where is this retail space located?
    The property is located at 22 N 7Th St Akron, PA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Historic building: Former schoolhouse with original early 1900s features; - Income potential: Existing health food store provides $3,000/month rent plus utilities; - Additional income streams: Apartment on the 2nd floor and two basement storage tenants
    (717) 843-5555
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    Akron, PA 17501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22 N 7Th St Akron, PA 17501
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