Remodeled Restaurant with Liquor
For Sale
$995,000
5205 Lake Road W, Ashtabula, OH 44004
SINGLE_FAMILY - Ashtabula, OH
Property SizeContact for details
Lot Size6.70 Acres
Days on Market148
Property Features for 5205 Lake Road W
General Information
Property type
Residential
Property subtype
Retail
Zoning description
Commercial
Parking
50
Parking features
Parking Lot
Fireplace
1
Elementary school district
Ashtabula Area CSD - 401
Middle school district
Ashtabula Area CSD - 401
High school district
Ashtabula Area CSD - 401
Directions
Rt. 45 to Lake Rd west to address. North side (Lake side) of Lake Rd.
Standard status
Active
APN
480131002000
Lot size
6.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
T 13--2 M 5205 Lake Rd W. (Restaurant Building and Land plus chattel)
Tax Annual Amount
9813
Legal Description
T 13--2 M 5205 Lake Rd W. (Restaurant Building and Land plus chattel)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1947
Roof type
Rubber
Listing Agency:
McDowell Homes Real Estate Services
(440) 205-2000
Listed By:
Clorice L Vines · License #2025003178
(440) 812-2542
Added: Mar 11
Changed: Jul 9
Last Checked: Aug 5 at 6:06PM
MLS# 5192593
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This established restaurant location, recently remodeled in 2021, features new LED lights inside and out, new ceiling tiles, new carpet, installed CAT 5 wiring, new speakers, an updated bar, and new windows on the patio room. The property also includes a new parking lot and an updated electrical system. The following chattel will remain: new kitchen equipment installed in 2024, bar equipment including coolers, a draft system, and ice machines, all dining room furniture including tables and chairs, a walk-in cooler, and a walk-in freezer. The property includes a D5 and D6 liquor license. Situated in a densely populated area with convenient access to Rt 45, between Ashtabula Harbor and Geneva on the Lake, this high-traffic location presents a turnkey opportunity for relocation or starting a new business, restaurant, or winery. A functional Tiki Bar is also present, offering potential as a separate business.
Key Highlights
- Recently remodeled restaurant in 2021 with updates including LED lights, ceiling tiles, new carpet, new windows on patio room, and new speakers
- Updated electrical system plus CAT 5 wiring installed
- New parking lot added
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Corner Store
Shops & Services
5,898 visits/mo
0.1 miles
Dollar General
Shops & Services
5,804 visits/mo
0.2 miles
Demographics for 44004, OH
31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant location with recent updates and high traffic.
Where is this conventional restaurant located?
The property is located at 5205 Lake Road W Ashtabula, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Recently remodeled restaurant in 2021 with updates including LED lights, ceiling tiles, new carpet, new windows on patio room, and new speakers; Updated electrical system plus CAT 5 wiring installed; New parking lot added
