1131 Arlington StAkron, OH 44306

Property Details for 1131 Arlington St

Year built

1958

Lot size

0.47 AC

Property size (Sq ft)

3,200 SF

Property type

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.

• 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

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