22 N 7th St 8,000 SF 38% Leased Retail Building Akron, PA 17501 $1,259,099 CAD ($157.39 CAD/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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Year Built
1980
Price
$1,259,099 CAD
Price Per SF
$157.39 CAD
Percent Leased
38%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.30
Lot Size
0.62 AC
Zoning
R-2 - Retail Services Other
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
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 |
PROPERTY TAXES
| Parcel Number | 020-35201-0-0000 | Improvements Assessment | $444,708 CAD |
| Land Assessment | $118,789 CAD | Total Assessment | $563,497 CAD |
