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    381 Perry St Fostoria, OH 44830

    For Sale
    $300,000

    Established Pizza Shop, Prime Location, Equipment Included

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This thriving, turn-key pizza parlor presents a fantastic opportunity for an ambitious entrepreneur. Located at 381 Perry Street Unit 381, Fostoria, OH, this well-established business, known as Red's Pizza, is offered at $300,000. The sale includes all equipment and contents, making for a seamless transition. Situated on a 0.11-acre lot, the property boasts a history of successful operation. Recent upgrades significantly enhance efficiency and longevity. These improvements include a new rubber roof (2017), a new air conditioning unit (2017), a new freezer (2017), a large prep table (2017), a new ice machine (2021), a new compression system for the walk-in cooler (2022), a new small prep table (2023), a new water heater (2023), new oven valves (2024), a new compressor for the three-door cooler (2024), and a new outside water line (2024). The sale does not include Fostoria memorabilia. This is a rare chance to acquire a profitable, established business with minimal start-up costs and significant recent investments in equipment and infrastructure. The prime location ensures continued success for the right owner. Don't miss this exceptional opportunity to own your own piece of Fostoria's culinary scene.

    Property Features for 381 Perry St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1930
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fostoria
    County
    Seneca
    State
    Ohio
    Longitude
    -83.41843
    Latitude
    41.16384

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    FAQs

    What type of property is this?
    Commercial real estate - Established Pizza Shop, Prime Location, Equipment Included
    Where is this commercial real estate located?
    The property is located at 381 Perry St Fostoria, OH.
    What is the asking price?
    The asking price for this property is $300,000.
    (419) 435-9361
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    381 Perry St Fostoria, OH 44830
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    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
    381 Perry St Fostoria, OH 44830
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