Remodeled Restaurant with Liquor
For Sale
$589,900
5205 Lake Road West, Ashtabula, OH 44004
Turnkey restaurant with updates, equipment, and liquor licenses.
Property Size7,114 SF
Price / SF$85.57
Days on Market162
Property Features for 5205 Lake Road West
General Information
Standard status
Active
Size
7,114 SF
Property subtype
Restaurant
Building Details
Building Size
7,114 SF
Year Built
1947
Properties For Sale
at 5205 Lake Road West Contact us- Size
- 7,114 SF
- Lease Type
- NNN
5205 Lake Rd W
Listing Agency:
RIOsource Group
Listed By:
Douglas Klang
(937) 206-1925
Source:
Thebrokerlist
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 4 at 2:05AM
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 RIOsource Group
Investment Insights
Based on property information with market context.
This established restaurant location was recently remodeled in 2021 with updates including new LED lights inside and out, new ceiling tiles, new carpet, installed CAT 5 wiring, new speakers, an updated bar, new windows on the patio room, a new parking lot, and an updated electrical system. The following chattel will remain: new kitchen equipment installed in 2024, a pasta maker and new gelato maker, bar equipment including coolers, a draft system and ice machines, all dining room furniture including tables and chairs, a walk-in cooler, and a walk-in freezer. The property includes D5 and D6 liquor licenses. The 6,894 square foot property is in a high-traffic location in a densely populated area with convenient access to Rt 45, situated between Ashtabula Harbor and Geneva on the Lake. This is a turnkey location suitable for relocation or starting a new business, restaurant, or winery. There is an operational Tiki Bar that could also function as a separate business.
Key Highlights
- Turn‑key restaurant opportunity with existing D5 and D6 liquor license.
- Recently remodeled in 2021 with significant updates including new LED lighting, flooring, and windows.
- Includes valuable chattel: new kitchen equipment (2024), pasta & gelato makers, bar equipment, and dining room furniture.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Corner Store
Shops & Services
5,898 visits/mo
0.1 miles
Dollar General
Shops & Services
5,804 visits/mo
0.2 miles
Demographics for 44004, OH
31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with updates, equipment, and liquor licenses.
Where is this conventional restaurant located?
The property is located at 5205 Lake Road West Ashtabula, OH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Turn‑key restaurant opportunity with existing D5 and D6 liquor license.; Recently remodeled in 2021 with significant updates including new LED lighting, flooring, and windows.; Includes valuable chattel: **new kitchen equipment (2024), pasta & gelato makers, bar equipment, and dining room furniture.**
