Technical
Financial
Distress signals
Property profile

22 N 7Th St Akron, PA 17501

FOR LEASE
Retail space
Property ID
US73-6011782
7,838 SF 0.62 ac lot Built 1900
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property is a former schoolhouse constructed in the early 1900s with approximately 7,800 square feet of total interior space. Interior architectural features include original crown moldings, hardwood flooring, chalkboards, and staircases. The first floor is configured with approximately 1,500 square feet of retail/commercial use, while the remainder of the floor area provides additional space consistent with a former school layout. The second floor contains an apartment used by a massage therapist and esthetician. The basement includes storage space for two tenants. The building retains historical character through its original millwork and classroom-related finishes, reflecting its prior use as an educational facility.

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

Current use

Occupant on record · Public records
  • Specialty Food Shop
  • Real Estate Agency
  • Marketing & Advertising Printing Service

Location

22 N 7Th St Akron, PA 17501
Akron metro Census 12402 LANCASTER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
$900k
Blend (final) Blend
$780k

Owner & transaction history

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
Zoning description

or Principal Buildings and Uses Permitted by Special Exception. § 27-607 Area and Bulk Regulations for Principal Buildings and Uses Permitted by Condition. § 27-608 Supplemental Regulations. Pt 7 RESIDENTIAL 2 DISTRICT (…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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