704 Main St Akron, PA 17501-1319
This exceptional mixed-use property, located at 704 Main St in Akron, Pennsylvania (17501), presents a compelling investment opportunity. The property encompasses a substantial 64,981 square feet across three floors, situated on approximately 2.5 acres. The main building, a former Miller & Hess Shoe Company dating back to the 1920s, boasts a striking brick façade and robust interior structure, providing a solid foundation for redevelopment. Zoned for mixed-use, this property offers numerous possibilities, including multi-family or senior living conversions. The building features ceiling heights ranging from 9 to 12 feet, a sprinkler system, and a freight elevator servicing all three floors. Ample parking is available, accommodating over 100 vehicles. Current uses could include office, warehouse, distribution, or processing. This offering also includes the adjacent property at 718 Main St, a 1,941 square foot Cape Cod-style single-family home currently rented on a month-to-month basis. The property sits at a highly visible, signalized intersection, offering excellent visibility and accessibility. The asking price for this significant property is $2,950,000.
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Operations at Ten Thousand Villages Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Akron, PAAkron. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.