Portage Lakes Waterfront Reactivation | 3.4 Acres, 650+ Ft Frontage

530 & 562 Portage Lakes Dr., Akron, OH 44319

Property Information

  • For Sale $5,850,000
  • Property Type Retail - Restaurant
  • Property Size 26,938 SF
  • Lot Size 3.4 Acre
  • Date Updated May 15, 2026

Description

Located along the eastern shoreline of the West Reservoir in Coventry Township, the portfolio sits at the center of the Portage Lakes’ primary commercial and recreational district.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.

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
  • 650+ feet of continuous lake frontage across two premier waterfront sites
  • Deep local brand recognition and established corridor presence
  • Exceptional visibility from both land and water
  • Flexible B-2 Limited/Local Business District zoning supporting dining, entertainment, retail, and mixed-use concepts.
  • Four transferable liquor licenses (D5 and D6 at each property)
  • Ideal platform for single-concept flagship or multi-concept activation
  • Strong regional demand for experiential waterfront destinations

Contacts

Nichole Booker

SVN | Summit Commercial Real Estate Group

Location

Located at 530 & 562 Portage Lakes Dr., Akron, OH 44319, this property is part of the Portage Lakes neighborhood and Cleveland Akron market.

Contact Listing Broker
Nichole Booker

SVN | Summit Commercial Real Estate Group

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