1131 Arlington StAkron, OH 44306
- Retail properties
- 3,200 SF
Property Details for 1131 Arlington St
- Year built
- 1958
- Lot size
- 0.47 AC
- Property size (Sq ft)
- 3,200 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 67-56806
- APU
- 6756806
Description
This exceptional Akron property offers a unique investment opportunity: a well-established 3,200 sq ft bar with a rich history, situated on a 0.58-acre lot in a high-traffic area. The bar boasts original wood paneling, vintage lighting, and a classic layout perfect for both intimate gatherings and larger crowds. Its long bar, ample seating, and cozy lounge area create an authentic, vintage atmosphere. The property's prime location ensures excellent visibility and accessibility. Included in this sale is an adjacent 3-bedroom, 1-bathroom home with 1,082 square feet of living space, adding significant value and potential for expansion or rental income. This property presents endless possibilities for renovation, expansion, or conversion to a different use, while retaining its historic charm. The established clientele and reputation for great drinks and service provide a solid foundation for continued success. This is a rare chance to own a piece of Akron's social history and capitalize on a thriving business and valuable real estate. The asking price is $399,900.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $894,593
- 6.5%
- $825,778
- 7%
- $766,794
-
Comparable approach
- Method
- Valuation
- Relative Method
- $754,307
- Geo Method
- $754,307
-
Alternative Use
- Use
- Valuation
- Residential
- $696,575
- Hospitality
- $638,059
- Educational
- $530,858
- Medical
- $549,114
- Retail
- $825,778
Location Insight
- City
- Akron
- County
- Summit
- State
- Ohio
- Latitude
- 41.0411
- Longitude
- -81.4908
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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