Downtown Mixed-Use Property

203 South Main Street, Akron, OH 44308

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For Sale

$925,000

Mixed-use downtown building with leased retail and an upper-level 2-bedroom apartment plus controlled access to parking.

Type:Bar, Mixed Use

Property size:

8,460 SF

Price / SF:

$109/SF

HighLights

Mixed‑use Downtown Akron building with leased retail space plus a leased 2‑bedroom apartment on the third floor
Located directly across from the recently renovated Lock 3 Park
203 S. Main St. connected to 205 S. Main St., featuring the iconic Peanut Shoppe with a long‑term lease
205 S. Main St. first floor includes Bar Phoenix, which specializes in craft cocktails, with a long‑term lease
Third‑floor apartment includes a living room, full kitchen, 2 bathrooms, and is currently under lease
Small garage for the apartment tenant located next to a parking garage for quick access

We can help!

Listing Contact

Tom Franjesh

Learn more

For Sale

$925,000

Mixed-use downtown building with leased retail and an upper-level 2-bedroom apartment plus controlled access to parking.

Type:Bar, Mixed Use

Property size:

8,460 SF

Price / SF:

$109/SF

Added:: Feb 8, 2023
Days on Market:: 1224
Last Refresh:: Jun 16 at 4:02 am

Property Features for 203 South Main Street

General Information

Standard status: Active
Size: 8,460 SF
Property subtype: Bar, Mixed Use

We can help!

Listing Contact

Tom Franjesh

Listing agent Tom Franjesh License #BRKP.2009002386

Listing office Hoff & Leigh Fairlawn

Listing date Feb 8, 2023

Source Hoffleigh

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 Fairlawn

HighLights

Mixed‑use Downtown Akron building with leased retail space plus a leased 2‑bedroom apartment on the third floor
Located directly across from the recently renovated Lock 3 Park
203 S. Main St. connected to 205 S. Main St., featuring the iconic Peanut Shoppe with a long‑term lease
205 S. Main St. first floor includes Bar Phoenix, which specializes in craft cocktails, with a long‑term lease
Third‑floor apartment includes a living room, full kitchen, 2 bathrooms, and is currently under lease
Small garage for the apartment tenant located next to a parking garage for quick access

Overview

This mixed-use property includes multiple income-producing components across the connected 203 S. Main St. and 205 S. Main St. addresses. The first floor at 205 S. Main Street is currently occupied by Bar Phoenix. The second floor of 205 S. Main Street is used as storage, with flexibility for office or apartment use. The third floor features a spacious 2-bedroom apartment with a living room, full kitchen, and two bathrooms, and it is currently under lease. The building also includes a small garage used by the apartment tenant, positioned next to a parking garage for quick access.

The property is located in the heart of Downtown Akron, directly across from Lock 3 Park. Lock 3 offers year-round activities such as concerts, ice skating, and fireworks. 203 S. Main St. is connected to 205 S. Main St. and includes the iconic Peanut Shoppe, which is in place as a long-term tenant.

For buyers and investors seeking a downtown asset with established tenancy, both the Peanut Shoppe and Bar Phoenix have signed long-term leases. With storage space on the second floor and a leased residential unit on the third floor, the building offers a straightforward mixed-use setup for operators looking to maintain income while considering future space utilization options.

Location Intelligence

Current Use by Public Records

Peanut Shoppe of Akron Department Store Men's Healing Clinic Medical Clinic Peptide Therapy Clinic Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Akron
County: Summit
State: Ohio
Longitude: -81.51936
Latitude: 41.079754

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For sale
Mixed-use properties
OH
Akron
44308
203 South Main Street

What type of property is this?

Mixed-use property - Mixed-use downtown building with leased retail and an upper-level 2-bedroom apartment plus controlled access to parking.

Where is this mixed-use property located?

The property is located at 203 South Main Street 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: Mixed‑use Downtown Akron building with leased retail space plus a leased 2‑bedroom apartment on the third floor; Located directly across from the recently renovated Lock 3 Park; 203 S. Main St. connected to 205 S. Main St., featuring the iconic Peanut Shoppe with a long‑term lease