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    6884 N Ridge Rd Madison, OH 44057

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    For Sale
    $499,000

    Restaurant, bar, apartment with frontage on US Route 20.

    Property size:
    7,784 SF
    Lot size:
    1.15 Acres

    Property Features for 6884 N Ridge Rd

    General Information

    Size
    7,784 SF
    Lot size
    1.15 Acres

    Source: Global Real Estate Advisors Agent Neil Sawicki, SIOR, Broker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant, Bar, and Apartment Building

    This property features a 7,784-square-foot restaurant and bar, along with a 1,200-square-foot two-bedroom apartment, situated on 1.13 acres with 165 feet of frontage on US Route 20, just east of State Route 528. The restaurant and bar are fully equipped, containing two walk-in coolers, two separate bar areas, a fireplace, and two outdoor patio areas, plus a basement for storage. The property includes a liquor license (D-5, D-6 Sunday Liquor 2:30 A.M.) if qualified. The front bar area has a capacity of 50, and the rear bar can accommodate over 100 patrons, for a total capacity of 150. It is serviced by city water and sewer. The property benefits from a newer parking lot, newer windows, and new flooring installed in 2019. A newer rubber roof was installed in 2015, and a contract is in place for roof maintenance. Heating is provided by a boiler, and there are three rooftop HVAC units. The property's income is derived from the restaurant, bar, and catering business. Located in Madison Township, which has no local income tax, the property is situated on heavily traveled US Route 20, heading east to Geneva and Harpersfield Township.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cebars Madison Tavern Bar & Grill

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Circle K

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Lake
    State
    Ohio
    Longitude
    -81.037211
    Latitude
    41.800119

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    FAQs

    What type of property is this?
    Bar - Restaurant, bar, apartment with frontage on US Route 20.
    Where is this bar located?
    The property is located at 6884 N Ridge Rd Madison, OH.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Full Restaurant and Bar with Liquor License (if qualified) and Catering Business: Income driven.; - 1,200± SF 2 Bedroom Apartment: Provides living space or rental income potential.; - Outstanding Location: Heavy traveled US Route 20 with 165± FT Frontage.
    (440) 339-8585
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    6884 N Ridge Rd Madison, OH 44057
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    Madison, OH 44057
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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
    6884 N Ridge Rd Madison, OH 44057
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