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    988 Bowery St Akron, OH 44307

    Sponsored
    For Sale
    $180,000

    Established bar with three additional parcels.

    Property size:
    2,346 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving Akron bar, located at 988 W Bowery St, presents a unique investment opportunity. Built in 1950, this single-story, 2,346 square foot establishment is priced at $180,000 ($76.73/sq ft). The sale includes three additional parcels of land and all existing inventory and transferable licenses. The property boasts a main bar area and a spacious party room with a second bar/food prep area, offering versatility for future owners. Currently operating with seven-day-a-week liquor licenses, including one exclusive license no longer issued by the state, and a food service license, this turnkey business is ready for immediate operation. Ample parking is available in two private lots. The building and premises are well-maintained. The owner is considering all reasonable offers. This is an exceptional chance to acquire a well-established neighborhood staple with significant potential.

    Property Features for 988 Bowery St

    General Information

    Property type
    Restaurants
    Square Feet
    2,346 SF

    Building Details

    Year Built
    1950
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Club Wonder Club

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Akron
    County
    Summit
    State
    Ohio
    Longitude
    -81.5422127
    Latitude
    41.0629726

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    FAQs

    What type of property is this?
    Restaurant - Established bar with three additional parcels.
    Where is this restaurant located?
    The property is located at 988 Bowery St Akron, OH.
    What is the asking price?
    The asking price for this property is $180,000.
    Request Owner's contact information
    988 Bowery St Akron, OH 44307
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    Akron, OH 44307
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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
    988 Bowery St Akron, OH 44307
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