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22 N 7th St

8,000 SF 38% Leased Retail Building Akron, PA 17501 £685,387 (£86/SF)

Executive Summary

The building is a former schoolhouse built in the early 1900s with original crown moldings, hardwood floors, chalkboards, staircases, and more. For the past 57 years the health food store has occupied ±1,500 SF on the 1st floor and pays rent of $3,000 per month plus utilities. There is an apartment on the 2nd floor currently used by a massage therapist and esthetician who pays $100.00* per month, there are two tenants in the basement: one pays $70.00* per month and the other $30.00* per month for storage only.

Attachments

Brochure Sale

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Year Built
1980
Price
£685,387
Price Per SF
£86
Percent Leased
38%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.30
Lot Size
0.62 AC
Zoning
R-2 - Retail Services Other

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 5,000 SF
  • Retail
  • -
  • Now

The building is a former schoolhouse built in the early 1900s with original crown moldings, hardwood floors, chalkboards, staircases, and more. For the past 57 years the health food store has occupied ±1,500 SF on the 1st floor and pays rent of $3,000 per month plus utilities. There is an apartment on the 2nd floor currently used by a massage therapist and esthetician who pays $100.00* per month, there are two tenants in the basement: one pays $70.00* per month and the other $30.00* per month for storage only. *The low rents are not permanent and don’t represent the much higher income that comes from the business

Space Size Space Use Position Available
1st Floor 5,000 SF Retail - Now

1st Floor

Size
5,000 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 5,000 SF
Space Use Retail
Position -
Available Now

The building is a former schoolhouse built in the early 1900s with original crown moldings, hardwood floors, chalkboards, staircases, and more. For the past 57 years the health food store has occupied ±1,500 SF on the 1st floor and pays rent of $3,000 per month plus utilities. There is an apartment on the 2nd floor currently used by a massage therapist and esthetician who pays $100.00* per month, there are two tenants in the basement: one pays $70.00* per month and the other $30.00* per month for storage only. *The low rents are not permanent and don’t represent the much higher income that comes from the business

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
020-35201-0-0000
Land Assessment
£65,092
Improvements Assessment
£243,685
Total Assessment
£308,777
  • Listing ID: 27981377

  • Date on Market: 15/03/2023

  • Last Updated:

  • Address: 22 N 7th St, Akron, PA 17501

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