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ICONIC Portage Lakes Properties 2 Retail Properties Offered at $8,012,277 CAD 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
- Ideal platform for multi-concept food, beverage, and entertainment operators
- Flexible zoning supporting dining, entertainment, retail, and mixed-use concepts
Executive Summary
Being offered as a combined portfolio is an extraordinary opportunity to acquire two historic waterfront landmarks that have shaped the Portage Lakes waterfront dining and entertainment scene for generations. The legacy properties formerly known as Pick's and Old Harbor Inn, offered together as a premier waterfront dining, entertainment, 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.
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.
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Property Facts
| Price | $8,012,277 CAD | Number of Properties | 2 |
| Price / SF | $324.67 CAD / 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 | $8,012,277 CAD |
| Price / SF | $324.67 CAD / 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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