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Portage Lakes Waterfront Reactivation 2 Retail Properties Offered at $7,995,780 CAD in Akron, OH
Investment Highlights
- $1.5M+ in 2023–2025 capital improvements: dock system, full seawall reinforcement, HVAC, roofs, parking, and lift stations
- ±26,938 SF across ±3.4 acres, 20 exclusive docks, and multi-level outdoor areas
- Deep local brand recognition and established corridor presence; Strong regional demand for experiential waterfront destinations
- Four transferable liquor licenses (D5 and D6 at each property); 650+ feet of continuous lake frontage across two premier waterfront sites
- Flexible B-2 Limited/Local Business District zoning supporting dining, entertainment, retail, and mixed-use concepts
- Ideal platform for single-concept flagship or multi-concept activation; Exceptional visibility from both land and water
Executive Summary
Two adjacent waterfront venues in the heart of Portage Lakes are being offered as a combined reactivation opportunity. With over $1.5M in recent infrastructure improvements completed in 2023 to 2025, four transferable liquor licenses, 650+ feet of West Reservoir frontage, and approximately 26,938 SF across two buildings on 3.4 acres, the portfolio provides a ready platform for an experienced operator to launch one or multiple destination concepts on Northeast Ohio's most established waterfront entertainment corridor.
The properties formerly known as Pick's Boathouse and The Old Harbor Inn occupy established lakefront positions with extensive dock infrastructure and flexible layouts. The configuration supports multiple execution paths, including a single flagship concept, two complementary venues with shared traffic or a phased activation strategy.
In a market where commercial waterfront sites of this scale are difficult to replicate, the portfolio offers strong visibility, infrastructure, and long-term operating potential for operators, developers, and capital partners.
The properties formerly known as Pick's Boathouse and The Old Harbor Inn occupy established lakefront positions with extensive dock infrastructure and flexible layouts. The configuration supports multiple execution paths, including a single flagship concept, two complementary venues with shared traffic or a phased activation strategy.
In a market where commercial waterfront sites of this scale are difficult to replicate, the portfolio offers strong visibility, infrastructure, and long-term operating potential for operators, developers, and capital partners.
Property Facts
| Price | $7,995,780 CAD | Number of Properties | 2 |
| Price / SF | $324.00 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 | $7,995,780 CAD |
| Price / SF | $324.00 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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Contacts
-
Nichole Booker -
Jerry Fiume -
Jenna Tharp -
SVN | Summit Commercial Real Estate Advisors
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Portage Lakes Waterfront Reactivation
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