988 W Bowery StreetAkron, OH 44307

988 W Bowery StreetAkron, OH 44307

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$175,000 Active
Commercial - Retail MLS 4462134

Listed By

Agency Name: H & R Burroughs Realty, Inc.
Agency Contact: sdix.realtor@gmail.com 330-571-2239

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Welcome to the AMAZING opportunity to be the next owner of this neighborhood staple which also includes THREE additional parcels with the sale!!! Located in a high traffic area right off of the highway in close proximity to other local, notable family run businesses - this successful Akron bar/lounge has been serving its loyal customer base for 30 plus years! The features include a front bar as well as an adjacent party room where friends & families of all generations regularly host special and memorable gatherings. The party room can be repurposed to fit the new owner's needs. This room also includes a 2nd bonus bar area! ALL inventory, furniture, fixtures, equipment, bar stools, surveillance system, LICENSES and more STAY. This bar/lounge currently holds 7 days a week liquor licenses. In addition to the liquor licenses, this sale also includes a transferable food service license. AMPLE accessible parking included in the two private parking lots! The building and premises have been very well-maintained by the current retiring owner! Whether you are a seasoned bar/lounge owner OR a new bar/lounge owner - Do NOT miss the opportunity to make this well established turn-key business your own! Owner will consider all reasonable offers!

988 W Bowery Street | MLS# 4462134

This commercial property located at 988 W Bowery Street, Akron, OH 44307 is currently listed for sale with an asking price of $175,000. W Bowery Street is located within the Akron City school district. Search Akron real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Days on Market: 860
Heating: Forced Air, Gas
Stories: 1.0
Taxes: $3,032 / year
Year Built: 1950

Feature Descriptions

Parcel#: 6740237
Parking: On Site, Paved, Unpaved
Sewer: Public Sewer
Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for 988 W Bowery Street, Akron, OH 44307
Fips
Fips Code 39153
Population
2020 to 2023 Change down 0.9%
2010 Count 541,781
2020 Count 540,428
2023 Estimate (V2023) 535,733
2020 Estimate (V2023) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.5%
18 to 64 54.6%
65 and Older 19.7%
Gender
Male 48.8%
Female 51.2%
Place of Birth
Foreign 5.5%
US 94.5%
Education
High School Graduate, Age 25+ 92.5%
Bachelor's Degree or Higher, Age 25+ 34.6%
Computer and Internet use
Households with a computer 93.6%
Households with a broadband Internet subscription 89.4%
Language
English is Second Language, Age 5+ 6.8%
English is First Language, Age 5+ 93.2%
Veterans
Veterans 27,960
Income
Per Capita Income $40,786
Median Household Income $68,360
People in Poverty 12.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 228,635
Average Household Size 2.32
Owner-Occupied 66.9%
Multi-Family 22.4%
Owner-Occupied Median Value $182,500
Median selected monthly owner costs -with a mortgage $1,405
Median selected monthly owner costs -without a mortgage $562
Median gross rent $956
Building Permits
New Private Housing Issued 2023 685
Years at Residence
1 Year or More 87.9%
Less Than 1 Year 12.1%
Business and Employment
Private non-farm Establishments 13,393
Private non-farm Employment 241,278
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 42,765
Number of Firms 48,524
Business Production
Value of Shipments $9,410,730,000
Wholesale Trade $9,120,214,000
Retail Trade $8,582,177,000
Retail Sales Per Capita $15,606
Accommodation and Food Services $1,190,062,000
Land
Land Area 412.75 sq. miles
Population Per Square Mile 1,313

Source: US Census Bureau