936-940 Howard StAkron, OH 44310

Property Details for 936-940 Howard St

Year built

1965

Lot size

0.24 AC

Property size (Sq ft)

3,020 SF

Property type

Retail properties

Property subtype

Retail space

APN

67-20491

APU

6720491

Description

This 3,020 square foot convenience store is located at 936-940 N Howard St, Akron, OH 44310, in the North Hill neighborhood. The property is offered at $250,000 ($82.78/sq ft) and boasts a prime location on a busy street with high visibility and consistent foot traffic. Ample parking and a drive-thru window enhance customer convenience. The store offers a diverse range of products and services including groceries, snacks, tobacco, beer, and lottery tickets. A fully equipped kitchen allows for the preparation and sale of food, and a unique bar area presents additional revenue opportunities. Monthly sales range from $90,000 to $110,000, with a high profit margin further boosted by lottery commission and ATM income. The property presents significant upside potential through extended operating hours and the addition of services such as check cashing, money orders, bill pay, MoneyGram, and a deli. Inventory is not included in the asking price. This is an exceptional opportunity for an entrepreneur seeking to establish or expand their presence in the Akron market. Please note that this is a business opportunity and the employees should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $844,272

  6.5%

  $779,328

  7%

  $723,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,877

  Geo Method

  $711,877

• Alternative Use

  Use

  Valuation

  Residential

  $657,393

  Hospitality

  $602,168

  Educational

  $500,997

  Medical

  $518,227

  Retail

  $779,328

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.1109

Longitude

-81.515

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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