Remodeled Restaurant
For Sale
$995,000
5205 Lake Road W, Ashtabula, OH 44004
CommercialSale, Ashtabula, OH
Property SizeContact for details
Lot Size6.70 Acres
Days on Market185
Property Features for 5205 Lake Road W
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking
50
Parking features
Parking Lot
Fireplace
1
Elementary school district
Ashtabula Area CSD - 401
Middle school district
Ashtabula Area CSD - 401
High school district
Ashtabula Area CSD - 401
Directions
Rt. 45 to Lake Rd west to address. North side (Lake side) of Lake Rd.
Standard status
Active
APN
480131002000
Lot size
6.70 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
T 13--2 M 5205 Lake Rd W. (Restaurant Building and Land plus chattel)
Tax Annual Amount
9813
Legal Description
T 13--2 M 5205 Lake Rd W. (Restaurant Building and Land plus chattel)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1947
Roof type
Rubber
Listing Agency:
McDowell Homes Real Estate Services
(440) 205-2000
Listed By:
Clorice L Vines · License #2025003178
(440) 812-2542
Added: Mar 11
Changed: Aug 20
Last Checked: Sep 11 at 3:06PM
MLS# 5192593
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property occupies 6.7 acres and includes a dining room, bar, patio room, kitchen, walk-in cooler, walk-in freezer, and on-site parking lot. Remodeling completed in 2021 included LED lighting, ceiling tiles, carpet, CAT 5 wiring, speakers, windows in the patio room, electrical updates, and parking lot improvements. The property was built in 1947 and features forced-air natural gas heat, central air, public water, public sewer, and a rubber roof.
Chattel remaining with the property includes kitchen equipment added in 2024, bar equipment with coolers, a draft system and ice machines, dining furniture, and D5 and D6 liquor licenses. A Tiki Bar is operating on-site and may function as a separate business. The property is located at 5205 Lake Road W in Ashtabula, with access to Rt 45 and a position between Ashtabula Harbor and Geneva on the Lake.
Chattel remaining with the property includes kitchen equipment added in 2024, bar equipment with coolers, a draft system and ice machines, dining furniture, and D5 and D6 liquor licenses. A Tiki Bar is operating on-site and may function as a separate business. The property is located at 5205 Lake Road W in Ashtabula, with access to Rt 45 and a position between Ashtabula Harbor and Geneva on the Lake.
Key Highlights
- 6.7‑acre restaurant property at 5205 Lake Road W, Ashtabula, OH 44004
- Remodeling completed in 2021, including electrical, lighting, flooring, windows, wiring, and parking lot updates
- Kitchen equipment added in 2024 remains with the property
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
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
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operational restaurant setting with updated dining, bar, kitchen, patio, and parking improvements.
Where is this conventional restaurant located?
The property is located at 5205 Lake Road W Ashtabula, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6.7‑acre restaurant property at 5205 Lake Road W, Ashtabula, OH 44004; Remodeling completed in 2021, including electrical, lighting, flooring, windows, wiring, and parking lot updates; Kitchen equipment added in 2024 remains with the property
