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    203 Main St Akron, OH 44308

    Sponsored
    For Sale
    $825,000

    Prime Akron location, high-traffic area.

    Property size:
    8,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two connected buildings at 203 & 205 S Main Street in Akron, Ohio. The combined 8,460 square foot property is listed at $825,000 ($97.52/sq ft) and sits on a 0.14-acre lot. The main level of 205 S Main Street houses Baxter's Bar, a well-established bar and restaurant featuring mostly updated equipment, included in the sale price. The second floor offers ample storage space with potential for office or apartment conversion. Atop the building is a stunning two-bedroom apartment complete with a living room, full kitchen, and three bathrooms. Adjacent 203 S Main Street is home to the charming Peanut Shoppe, a nostalgic retail space. The property also includes a small garage and benefits from its proximity to a parking garage. This location directly across from Lock 3 Park provides year-round exposure to a high volume of foot traffic due to the park's diverse events, including seasonal concerts, ice skating, and fireworks displays. The property's prime location within the heart of downtown Akron ensures easy access to a wealth of amenities. This unique offering presents a rare chance to acquire a mixed-use property with significant upside potential in a thriving urban setting.

    Property Features for 203 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    8,460 SF
    Lot Size
    6,098 SF

    HighLights

    • All restaurant and bar equipment included in the $825,000 sale price.
    • Excellent location directly across from Lock 3 Park in downtown Akron.
    • Surrounded by downtown Akron amenities.
    • Features a top‑floor, two‑bedroom apartment with full kitchen and three bathrooms; additional space available for conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5191998
    Latitude
    41.0797734

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    FAQs

    What type of property is this?
    Restaurant - Prime Akron location, high-traffic area.
    Where is this restaurant located?
    The property is located at 203 Main St Akron, OH.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: All restaurant and bar equipment included in the $825,000 sale price.; Excellent location directly across from Lock 3 Park in downtown Akron.; Surrounded by downtown Akron amenities.
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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
    203 Main St Akron, OH 44308
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