Restaurant Bar with
41573 N Ridge Road Elyria Elyria, OH 44035
41573 N Ridge Road Elyria, Elyria, OH, 44035
$550,000
For Sale
$550,000
Turnkey restaurant bar sale includes equipment, with two POS systems supporting indoor service and a connected patio setup.
Property Size3,288 SF
Price / SF$167.27
Days on Market8
Property Features for 41573 N Ridge Road Elyria
General Information
- Standard status
- Active
- Size
- 3,288 SF
Building Details
- Year Built
- 1950
Listing agency
(419) 670-7781
Listed by
Tiffany Mather
(419) 670-7781
Source
Quality-realty
Added: Jul 14 Updated: Jul 21 at 4:52AM Checked: Jul 21 at 4:52AM
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 Tiffany Mather
Investment Insights
Based on property information with market context.
This active restaurant bar is being offered for sale with all equipment included. The operation uses two POS systems to track liquor sales, with one for indoor service and one for outdoor ordering tied to the patio. A successful patio setup supports business continuity when the patio is open.
Showings are restricted to mornings from 8:30 a.m. to 10:30 a.m. before the business opens. The seller notes additional income possibilities, including pull tabs and lottery options, with a lottery license required.
The property is located at 41573 N Ridge Road, Elyria, OH 44035. Contact the agent for details and to confirm showing procedures.
Showings are restricted to mornings from 8:30 a.m. to 10:30 a.m. before the business opens. The seller notes additional income possibilities, including pull tabs and lottery options, with a lottery license required.
The property is located at 41573 N Ridge Road, Elyria, OH 44035. Contact the agent for details and to confirm showing procedures.
Key Highlights
- Active successful restaurant bar sale includes all equipment with the purchase
- Two P.O.S. systems for liquor sales: 1 for indoor and 1 connected to the outdoor patio
- Restaurant/bar setup connects indoor service and a patio that can be used when open
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.3k | $15.00 |
| − Vacancy | −$2.1k | −$0.63 |
| EGI | $47.2k | $14.37 |
| − OpEx | −$11.8k | −$3.59 |
| NOI | $35.4k | $10.78 |
3,288 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$506.2K
$443.0K – $590.6K
NOI $35,436 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.6K
$725.0K – $966.7K
NOI $58,000 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
MAHD House Bar ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Phazes — 2089 N Ridge Rd, Lorain, OH 44055
- MAHD House Bar & Grille - Elyria, OH — 41573 N Ridge Rd, Elyria, OH 44035
FAQs
What type of property is this?
Bar & Pub - Turnkey restaurant bar sale includes equipment, with two POS systems supporting indoor service and a connected patio setup.
Where is this bar & pub located?
The property is located at 41573 N Ridge Road Elyria Elyria, 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: Active successful restaurant bar sale includes all equipment with the purchase; Two P.O.S. systems for liquor sales: 1 for indoor and 1 connected to the outdoor patio; Restaurant/bar setup connects indoor service and a patio that can be used when open
