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The Great Axe is a strange Weapon that seems like it ought to be for sale somewhere, but is in fact only found in a chest in the Titan's Tunnel. It has a better Damage score than the specialty swords you found locked away with the mystic KEY, but it has a very low Hit Rate and a lower crit rate as well. It is a decent upgrade if you're using a Long Sword, but not much else.
The Great Axe is a strange Weapon that seems like it ought to be for sale somewhere, but is in fact only found in a chest in the Titan's Cave. Like the Battle Axe, the Great Axe is sort of a trap. It dishes out more damage than the Long Sword or Wyrmkiller, but at the cost of a lot of accuracy, and you will find it right around the levels where your Warrior will be getting a third hit. You won't get three hits with the Great Axe until level 18, by which point you should have moved on to superior weaponry.