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    1241 Greenville Rd Cortland, OH 44410

    Sponsored
    For Sale
    $285,000

    Restaurant, Apartment, High Traffic Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property, situated at 1241 Greenville Road in Cortland, Ohio, presents a unique investment opportunity. The 0.4-acre lot hosts a well-established restaurant currently operating on the ground floor. The restaurant's equipment and display cases are included in the sale, providing a turnkey operation for a new owner. Above the restaurant is a spacious three-bedroom, one-bathroom apartment, ideal for owner occupancy or leasing to generate additional income. The upper level apartment offers flexibility for the new owner. The building's history includes a lower level previously used as a bait shop, selling hunting and fishing licenses. This suggests strong potential for various retail ventures catering to the local community and tourists visiting nearby Mosquito Lake Causeway, where the property enjoys a prominent west-side location. The property's versatile layout and prime location make it suitable for a variety of uses, allowing for creative adaptation to meet the needs of a new business owner. The asking price is $285,000. This presents a compelling opportunity for investors and entrepreneurs seeking a profitable venture in a high-traffic area. The property's existing infrastructure and equipment significantly reduce start-up costs, making it an attractive investment with immediate income potential.

    Property Features for 1241 Greenville Rd

    General Information

    Property type
    Mixed-use properties
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Building Supply Hotel & Motel Department Store Discount Store Tailor Shop Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.77658
    Latitude
    41.39072

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    Nearby Similar for Sale

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      Cortland, OH Mixed-Use Restaurant

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    FAQs

    What type of property is this?
    Mixed-use property - Restaurant, Apartment, High Traffic Location
    Where is this mixed-use property located?
    The property is located at 1241 Greenville Rd Cortland, OH.
    What is the asking price?
    The asking price for this property is $285,000.
    (330) 793-4200
    Request Owner's contact information
    1241 Greenville Rd Cortland, OH 44410
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    Cortland, OH 44410
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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
    1241 Greenville Rd Cortland, OH 44410
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