641 Massillon Rd Akron, OH 44306-3301
- Turn key restaurants
- 4,402 SF
- 0.46 lot acres
May 21, 2024
Current Use by Public Records
- Royal Rugs LLC / Rug Store
- Oldies & Goodies Family Diner / Store / American Restaurant
- Jack's Happy Landing / Bar
Property Details for 641 Massillon Rd
- Year built
- 2005
- Construction
- FRAME
- Lot size
- 0.46 lot acres
- Property size
- 4,402 SF
- Property type
- Turn key restaurants
- APN
- 67-62566
- APU
- 6762566
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $205,000
- ML approach
- $220,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $278,000
- AI Estimate
- $322,000
Market price range: $188k - $852kMarket price range: $230k - $797k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.4626
- Latitude
- 41.0441
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA