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203-205 S Main St
Akron, OH 44308
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent Location Across From Lock 3 Park
- Gorgeous Apartment on Top Floor and More
- Surrounded by Downtown Akron Amenities
EXECUTIVE SUMMARY
This phenomenal investment property for the investor that is looking to own a property in the
heart of Downtown Akron, directly across from the recently renovated, Lock 3 Park. Lock 3 offers
year round activities such as concerts, ice skating, fireworks and more.
The first floor of 205 S. Main Street was previously the home of Baxter’s Bar, but now has been
occupied by Bar Phoenix, which specializes in bold craft cocktails. Bar Phoenix offers a jazz
influence lounge for live music and offers private events too.
The second floor of the building is currently utilized as storage, but it could potentially be used for
office or apartment use. The third floor is a beautiful spacious 2 bedroom apartment with living
room, full kitchen and two bathrooms. It is currently under lease. 205 S. Main has a small garage
that is currently use by the apartment tenant and is situated next to the parking garage for quick
and easy access.
203 S. Main St. is connected to 205 S. Main St. and contains the iconic Peanut Shoppe, which takes
you back in time with it’s nostalgic décor.
The Peanut Shoppe and Bar Phoenix have both signed long term leases.
Please contact Tom Franjesh or Jennifer Fernandez for financial information.
heart of Downtown Akron, directly across from the recently renovated, Lock 3 Park. Lock 3 offers
year round activities such as concerts, ice skating, fireworks and more.
The first floor of 205 S. Main Street was previously the home of Baxter’s Bar, but now has been
occupied by Bar Phoenix, which specializes in bold craft cocktails. Bar Phoenix offers a jazz
influence lounge for live music and offers private events too.
The second floor of the building is currently utilized as storage, but it could potentially be used for
office or apartment use. The third floor is a beautiful spacious 2 bedroom apartment with living
room, full kitchen and two bathrooms. It is currently under lease. 205 S. Main has a small garage
that is currently use by the apartment tenant and is situated next to the parking garage for quick
and easy access.
203 S. Main St. is connected to 205 S. Main St. and contains the iconic Peanut Shoppe, which takes
you back in time with it’s nostalgic décor.
The Peanut Shoppe and Bar Phoenix have both signed long term leases.
Please contact Tom Franjesh or Jennifer Fernandez for financial information.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,088 SF
Building Class
C
Year Built
1935
Price
$925,000
Price Per SF
$91.69
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.19
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
U3 - Retail Business
Frontage
41’ on Main St
PROPERTY TAXES
| Parcel Number | 68-17767 | Improvements Assessment | $28,627 |
| Land Assessment | $14,333 | Total Assessment | $42,960 |
PROPERTY TAXES
Parcel Number
68-17767
Land Assessment
$14,333
Improvements Assessment
$28,627
Total Assessment
$42,960
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