127 7Th St Akron, PA 17501
- Retail space
- 3,440 SF
- 0.11 lot acres
Current Use by Public Records
- Eby Exteriors / Remodeler / General Contractor
Property Details for 127 7Th St
- Year built
- 1952
- Construction
- BRICK
- Lot size
- 0.11 lot acres
- Property size
- 3,440 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 020-86062-0-0000
- APU
- 208606200000
Description
This exceptional 3,000-square-foot mixed-use building presents a unique investment opportunity in Akron, Pennsylvania. Situated on a 0.11-acre lot, this two-story property boasts a versatile layout ideal for a variety of commercial ventures. The main building features approximately 1,700 square feet of first-floor office/showroom space, complete with a half-bath. Above, a 1,300-square-foot, two-bedroom, two-bathroom apartment offers additional income potential or comfortable owner-occupied living. Two dedicated off-street parking spaces are included with the apartment. A separate 1,300-square-foot detached warehouse/shop building provides ample storage or workshop space. This structure includes a 400-square-foot mezzanine, an 8' x 10' overhead door at the loading dock, and impressive 14-foot ceiling height to the open rafters. The entire property is zoned C-1 - Commercial District (Akron Borough) within Lancaster County. The building offers 12 total parking spaces. This property is currently vacant and ready for immediate occupancy. The unfinished basement adds further potential for expansion or customization. This is a rare opportunity to acquire a versatile commercial property with significant upside in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $345,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $320,000
- Mixed-Use
- $330,000
- Hospitality
- $295,000
- Educational
- $375,000
- Residential Income
- $285,000
- Energy
- $365,000
- Income-Based Land
- $365,000
- Food Service
- $275,000
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.203
- Latitude
- 40.1598
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA