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Property profile & analytics

641 Massillon Rd Akron, OH 44306-3301

  • Turn key restaurants
  • 4,402 SF
  • 0.46 lot acres
OFF-MARKET
Last Sale
May 21, 2024
$200,000
Value Estimations
$215,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US66-5882888
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $205,000
    ML approach
    $220,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $278,000
    Market price range: $188k - $852k
    AI Estimate
    $322,000
    Market 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,337
$21,000
$47,320
$68,320
-
$60,000
$135,210
$195,210
More about this property
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