Property Listing No Longer Available for Sale

334-340, Akron, OH

Retail for Sale - $440,000 - 8,236 Sq. Ft.


Property Info

CIMLS#135852
Location
  334-340
  Akron OH 44310
UpdatedJuly 27th, 2011
TypeRetail
Price$440,000
Building8,236 Sq. Ft.

Property Description

Building has 6-1BR, 1 efficiency on 2nd flr. First flr very busy established 4000sf Bar and Grill. Bar can be divided into 2 areas w/separate addresses each side having own heat/air, electric and restroom- Nearly $500,000 in repairs and upgrades since 2004. Long term tenants, separate elect meters. Apts have supplemental baseboard heaters, elect stoves, 1 gas furn for 2nd flr. Budget $144. All furn separate metered. Consistent gross rent of $45,000+per year. Bar at $1200/mo could be much higher. Tavern has 2 furn and 2 C/A units- 1 new 2010. Bar is fully equipped w/a D-5 license, ATM owned by bar- full kitchen w/upgraded ansel system. Lg walk-in cooler- stockade fenced smoking area-full lottery- must be reapplied for by new owner. List of equip on request. Tavern grossing $400,000+ - Agent owned. Possible 1st mortgage held by seller for qualified buyer w/ a min of $125,000 down. Attractive 6% interest rate. Balloon in 3-5 years.


Financials



Similar Listings