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Property profile & analytics
FOR SALE
Retail space

22 N 7Th St Akron, PA 17501

7,838 SF 0.62 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-6011782
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction BRICK
Total area 7,838 SF
Lot 0.62 ac (27,007 SF)
Zoning code R-2
APN 020-35201-0-0000
UPID US73-6011782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
$900k
Blend (final) Blend
$695k
Owner & transaction history
Wise Choice Properties LLC · 3 yrs held
Wise Choice Properties LLC
since 2022
Last sale
$600,000
4 recorded transactions
2022
$600,000
2004
$130,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-2 · Akron, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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