Commercial Real Estate for Sale at 797 E Market Street in Akron, OH for $4,900,000

797 E Market Street | Akron

Occupying a prominent position in Akron\u2019s thriving East Market Corridor, \u0022The 797 Building\u0022 represents a rare opportunity to acquire a diversified, 66,000\u002B SF mixed-use asset with immediate equity potential. This three-story property is anchored by the prestigious Alexander Pierce Restaurant, providing a stable commercial foundation with a current lease of $9,000 per month. The building\u2019s revenue is further bolstered by 40 luxury one- and two-bedroom apartment residences, which command monthly rents between $1,000 and $1,400. Extensive renovations completed between 2019 and 2020 modernized the infrastructure, including residential unit updates, the installation of energy-efficient mini-split heating and cooling, and significant upgrades to all common areas. Beyond standard residential living, the property offers an upscale hospitality experience through its members-only Coat Room Lounge and the innovative first-floor Screen Suites, which provide private dining and theater experiences. Residents enjoy a robust amenity package featuring a business center, exercise room, multiple club lounges with workspaces, a pool table, and private event spaces. Practical needs are met with onsite laundry services, full security and fire systems, multiple elevators, and off-street parking for 84 vehicles. Ideally located near the University of Akron, major medical hubs, and downtown Akron, this extensively renovated asset is perfectly positioned to capitalize on the region\u2019s emerging growth. MLSNow 5207316

Directions to property: 8 North or South to 18