Turnkey Cafe, Salon, and
21 S Broadway, Geneva, OH
Call to check price and availability
Ready-to-open cafe, salon, and spa with high-end finishes.
Type:RETAIL
Property size:
8,200 SFLot size:
1.33 AcresPrice / SF:
$152/SF- Added:
- Nov 17, 2025
- Days on Market:
- 186
- Last Refresh:
- Apr 5 at 8:58 pm
Property Features for 21 S Broadway
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Lot size
- 1.33 Acres
- Property subtype
- RETAIL
Listing agent Vic Cizek
Listing office RealtyNet, Inc. (440) 221-0819
Listing date Nov 17, 2025
Source Moodyscre
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 RealtyNet, Inc.
HighLights
- Fully equipped and ready‑to‑open cafe, salon, and spa business.
- Turnkey business opportunity with diverse revenue streams (cafe, salon, spa).
- High‑quality renovation of a former Key Bank main office.
- Over 50 parking spaces available.
- Potential for outdoor seating.
- Unique all‑in‑one experience blending comfort, style, and tranquility.
Overview
This 8,200 square foot property, formerly a Key Bank main office, has been transformed into The Artisan Cafe, a space offering premium coffee, espresso, lattes, cappuccinos, light breakfast options, fresh flatbread pizzas, soups, salads, and other healthy dishes. The property also includes a salon and spa designed for relaxation and rejuvenation. The redesign utilized top-quality materials and labor. The property is ready to open and includes over 50 parking spaces and outdoor seating possibilities. It is located at 21 S Broadway, Geneva, OH.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.12M
NOI $100,634 @ 9.00% cap · cautious / downside scenario
Moderate
$1.44M
NOI $100,634 @ 7.00% cap · market / base-case scenario
Aggressive
$2.01M
NOI $100,634 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $147.6k | $18.00 |
| − Vacancy | −$3.8k | −$0.47 |
| EGI | $143.8k | $17.53 |
| − OpEx | −$43.1k | −$5.26 |
| NOI | $100.6k | $12.27 |
8,200 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,634 @ 7.0% cap · market cap 8.05%
Second Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,719 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,965 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Coffee shops
Similar Places Nearby
- Scribblers Coffee Co. — 388 S Broadway, Geneva, OH 44041
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ashtabula
- State
- Ohio
- Longitude
- -80.9469
- Latitude
- 41.8061
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Ready-to-open cafe, salon, and spa with high-end finishes.
Where is this coffee shop located?
The property is located at 21 S Broadway Geneva, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully equipped and ready‑to‑open cafe, salon, and spa business.; Turnkey business opportunity with diverse revenue streams (cafe, salon, spa).; High‑quality renovation of a former Key Bank main office.
