Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5205 Lake Rd W Ashtabula, OH 44004

    For Sale
    $995,000

    SINGLE_FAMILY - Ashtabula, OH

    Type:Retail
    Lot size:
    6.70 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 5205 Lake Rd W

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    APN
    480131002000
    Parking
    50
    Parking features
    Parking Lot
    Fireplace
    1
    Lot size
    6.70 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1947
    Roof type
    Rubber

    McDowell Homes Real Estate Services (440) 205-2000 [email protected]

    Listing agent Clorice L Dlugos (440) 812-2542 License #2003003061

    Listing date Nov 18, 2025

    Copyright © 2025 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.

    Overview

    Remodeled Restaurant with Liquor License

    This established restaurant location was recently remodeled in 2021 with updates including new LED lights inside and out, new ceiling tiles, new carpet, installed CAT 5 wiring, new speakers, an updated bar, new windows on the patio room, a new parking lot, and an updated electrical system. The following chattel will remain: new kitchen equipment from 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 high-traffic location within a densely populated area, it offers convenient access to Route 45 and lies between Ashtabula Harbor and Geneva on the Lake. This turnkey location is suitable for relocation or starting a new business, restaurant, or winery. A 'Tiki Bar' is currently operational and could function as a separate business. The lot size is 6.7 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lago Enoteca Italian Restaurant The Lazy Pineapple Tiki Bar Purola Brothers Pizza Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Bar & Pub Food Market Convenience Store Storage Facility Italian Restaurant Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashtabula
    County
    Ashtabula
    State
    Ohio
    Longitude
    -80.860111
    Latitude
    41.881052

    Nearby Similar for Sale

    • $148,000
      0.41 Acres

      Updated Office Building in Ashtabula

      Updated office building with excellent visibility and accessibility in Ashtabula.
      3312 Lake Ave, Ashtabula, OH 44004
      View Details
    • $159,900
      1,824 SF

      Ashtabula Ranch Duplex For Sale

      Ranch duplex with two units, long-term tenants, and recent updates.
      902 E 13Th St, Ashtabula, OH 44004
      View Details
    • $155,000
      2,072 SF

      Well-Maintained Duplex on Corner Lot

      Move-in ready duplex with updates, ideal for investment or owner-occupancy.
      5105 Chestnut Ave, Ashtabula, OH 44004
      View Details
    • $44,900
      Pending

      Ashtabula Duplex: Investor Opportunity

      Duplex with potential for rental income or B&B conversion.
      823 Richards Ave, Ashtabula, OH 44004
      View Details
    • $117,500
      Pending

      Updated Duplex in Ashtabula, OH

      Fully rented, updated two-unit property with immediate rental income.
      912 E 13Th St, Ashtabula, OH 44004
      View Details
    • $199,900
      Pending

      Ashtabula Harbor Area Office Building

      Meticulously cared for office building in high-traffic Ashtabula Harbor area.
      944 Lake Ave, Ashtabula, OH 44004
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established restaurant with recent updates, equipment, and liquor license.
    Where is this restaurant located?
    The property is located at 5205 Lake Rd 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: - Turn-key restaurant opportunity with existing D5 and D6 liquor license.; - High-traffic location in a densely populated area with convenient access to Rt 45, Ashtabula Harbor, and Geneva on the Lake.; - Recently remodeled in 2021 with significant updates including new LED lights, ceiling tiles, carpet, CAT 5 wiring, speakers, bar updates, patio windows, parking lot, and electrical system.
    (440) 812-2542
    Request Owner's contact information
    5205 Lake Rd W Ashtabula, OH 44004
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5205 Lake Rd W
    Ashtabula, OH 44004
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5205 Lake Rd W Ashtabula, OH 44004
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.