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Portage Lakes Legacy Portfolio 2 Retail Properties Offered at $5,850,000 in Akron, OH
INVESTMENT HIGHLIGHTS
- 650+ feet of continuous lake frontage across two premier waterfront sites
- Newly constructed, state-of-the-art dock system with full seawall reinforcement and custom waterfront decks (2025)
- Significant recent capital improvements in buildings and site infrastructure
- ±26,938 SF across ±3.4 acres; 20 exclusive docks; multi-level outdoor areas
- Exceptional visibility from both land and water
- Deep local brand recognition and legacy presence
EXECUTIVE SUMMARY
Being offered as a combined portfolio is an extraordinary opportunity to acquire two historic waterfront landmarks that have shaped the Portage Lakes hospitality landscape for generations. The legacy properties formerly known as Pick's and Old Harbor Inn, offered together as a premier hospitality and mixed-use portfolio, encompass approximately 26,938 SF across 3.4 acres with irreplaceable frontage on the West Reservoir in the heart of the Portage Lakes community. In a region where true commercial waterfront sites are nearly impossible to replicate, this portfolio delivers unmatched scale, visibility, and long-term potential for visionary operators, investors, and developers. Both properties occupy premier lakefront locations with deep community connection, extensive dock infrastructure, and strong adaptive reuse flexibility. Together, they offer multiple paths to value creation - through reactivation, repositioning, or full concept reinvention.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $5,850,000 | Number of Properties | 2 |
| Price / SF | $237.05 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 24,678 SF |
| Status | Active | Total Land Area | 3.58 AC |
| Price | $5,850,000 |
| Price / SF | $237.05 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 24,678 SF |
| Total Land Area | 3.58 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Pick's
530 Portage Lakes Dr, Akron, OH 44319 |
Retail | 15,216 SF | 1923 | - |
|
Smoke on the Water
562 Portage Lakes Dr, Akron, OH 44319 |
Retail | 9,462 SF | 1958 | - |
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Portage Lakes Legacy Portfolio
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