22 N 7Th St Akron, PA 17501
For Sale
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This exceptional retail investment opportunity in Akron, Pennsylvania presents a profitable and well-established health food business housed in a unique 8,000 square foot building. Originally constructed in 1980, the property boasts a rich history, having previously served as a schoolhouse. Architectural details such as original crown moldings, hardwood floors, chalkboards, and staircases remain, adding character and charm. The main floor currently houses a thriving health food store, encompassing approximately 1,500 square feet, which has been operating successfully for 57 years. The store generates substantial income, with a current monthly rent of $3,000 plus utilities. Adding to the property's income stream, a second-floor apartment is occupied by a massage therapist and esthetician, paying $100 per month. The basement also features two storage tenants, contributing an additional $100 per month in rental income. While current rental income from the apartment and basement storage is low, it represents a significant opportunity for increased revenue. The asking price for this turnkey operation is $875,000, representing a price per square foot of $109.38. This property offers a rare blend of historical charm, established business income, and significant upside potential for a savvy investor. The property is located at 22 N 7th St, Akron, PA 17501.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Akron, PAAkron. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.