Second-Generation Restaurant
For Sale
$550,000
1616 Claremont Ave, Ashland, OH 44805
Restaurant space with an equipped kitchen and included FF&E on a redevelopment-sized site.
Property Size5,467 SF
Lot Size2.10 Acres
Days on Market121
Property Features for 1616 Claremont Ave
General Information
Standard status
Active
Size
5,467 SF
Lot size
2.10 Acres
Property subtype
Retail
Zoning
B-3
Additional Details
Business Included
Yes
Building Details
Building Size
5,467 SF
Year Built
1986
Listing Agency:
Passov Real Estate Group
Listed By:
Ronnie Romanini III
(440) 591-4805
Source:
Passovgroup
Added: Jun 25
Changed: Oct 21
Last Checked: Oct 20 at 6:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Passov Real Estate Group
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Investment Insights
Based on property information with market context.
This second-generation restaurant property is positioned along a primary retail corridor and includes a fully equipped kitchen with FF&E in place. The existing infrastructure supports immediate restaurant occupancy, or a more seamless transition for a new concept.
The site is approximately 2.1 acres and is located directly across the street from Discount Drug Mart. The property is zoned B-3 (Highway service business), which allows for a wide range of retail, restaurant, medical, and service uses.
For buyers evaluating redevelopment or a restaurant re-tenanting plan, the combination of turn-key kitchen improvements and flexible zoning provides a straightforward platform for future use.
The site is approximately 2.1 acres and is located directly across the street from Discount Drug Mart. The property is zoned B-3 (Highway service business), which allows for a wide range of retail, restaurant, medical, and service uses.
For buyers evaluating redevelopment or a restaurant re-tenanting plan, the combination of turn-key kitchen improvements and flexible zoning provides a straightforward platform for future use.
Key Highlights
- 2nd generation restaurant property with fully equipped kitchen and FF&E included
- Approximately 2.1‑acre site suitable for restaurant occupancy or redevelopment
- Year built: 1986
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 46%
Apparel 5%
Electronics 2%
McDonald's
Dining
22,266 visits/mo
0.1 miles
Circle K
Shops & Services
16,678 visits/mo
0.4 miles
Dollar General
Shops & Services
6,797 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,746 visits/mo
0.1 miles
Pizza Hut
Dining
4,089 visits/mo
0.3 miles
Demographics for 44805, OH
31,238
Population
13,248
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
151.1 sq mi
ZIP Area
207
Density / Sq Mi
$62,058
Median Household Income
$35,122
Median Earnings
$835
Median Rent
$165,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with an equipped kitchen and included FF&E on a redevelopment-sized site.
Where is this conventional restaurant located?
The property is located at 1616 Claremont Ave Ashland, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2nd generation restaurant property with fully equipped kitchen and FF&E included; Approximately 2.1‑acre site suitable for restaurant occupancy or redevelopment; Year built: 1986
