Property profile

641 Massillon Rd Akron, OH 44306

FOR SALE
Turn key restaurants
Property ID
US66-5882888
4,402 SF 0.46 ac lot Built 2005
Individually Owned 4-yr Hold Free & Clear
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For Sale
Contact for pricing 4,402 SF
641 Massillon Rd, Akron, OH 44306
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving multi-tenant commercial property in Akron, Ohio. The 4,402 square foot building, constructed in 2005, sits on a 0.455-acre lot and boasts a prime location at 641 Massillon Rd, zip code 44312. The property currently houses two established businesses: a well-regarded neighborhood bar, "Jack's Happy Landing," and "Oldies & Goodies Classic Family Diner," a popular family restaurant. The bar features approximately 25 bar stools, 8 tables, a pool table area, and two restrooms. It includes a D1, D2, and D3 liquor license, and all furniture, fixtures, and equipment are included in the sale. The restaurant, currently leased for $500 per month, offers seating for approximately 30 patrons and two restrooms; most furniture, fixtures, and equipment remain. A full basement provides ample storage space, and approximately 30 parking spaces are available. The property is zoned U-3 and features a single-story building. This turnkey operation offers significant income potential with an established tenant and the owner-operated bar. The asking price is $425,000. This is a rare chance to acquire a profitable, established commercial property in a desirable Akron location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction FRAME
Total area 4,402 SF
Lot 0.46 ac (19,994 SF)
APN 67-62566
UPID US66-5882888

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
  • (Bike/Boat/Book/etc) Store Carpet & Flooring Store
  • Restaurant
  • Bar & Pub

Location

641 Massillon Rd Akron, OH 44306
Akron metro Census 503600 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2022
Last sale
$200,000
6 recorded transactions
2024
Price N/A
2022
Price N/A
2021
Price N/A
2021
Price N/A
2014
Price N/A
2005
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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