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Standalone Bar and Restaurant
For Sale
$435,000

8741 W Ridge Rd, Elyria, OH 44035

Standalone bar and lounge/restaurant with recently replaced roof, updated kitchen equipment, and 80-space parking lot.

Property SizeContact for details
Days on Market947

Property Features for 8741 W Ridge Rd

General Information

Standard status Active
Total Parking Spaces 80

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $5,741

Amenities

handicap accessible ramps
updated bathrooms
finished basement with outside access for private parties
Listing Agency: Northern Ohio Realty
Listed By: Michael A Hignett · License #2014000042
Source: Exprealty
Added: Feb 5, 2024 Changed: Aug 31 Last Checked: Sep 8 at 9:36AM

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 Northern Ohio Realty

Investment Insights

Based on property information with market context.

Standalone neighborhood bar, lounge, and restaurant offered for sale, presented as practically turn-key for a new owner. The property includes an updated kitchen with purchased and updated equipment such as freezers, flat top, broiler, and grill, along with updated bathrooms. The roof has been recently replaced, and the 80-space parking lot has been re-done with new landscaping.

The building offers two handicap accessible ramps and a finished basement with outside access that can support private parties. Public remarks also reference karaoke and dart leagues as past operating highlights.

Additional space is available through the finished basement, while on-site parking is sized at 80 spaces. The property is for sale only and is not offered for leasing or owner financing.

Key Highlights

  • Standalone neighborhood bar and lounge/restaurant with a recently replaced roof
  • 80‑space parking lot was redone, plus new landscaping
  • Kitchen equipment updates include freezers, flat top, broiler, and grill

Property Analytics

Current Use

The Pub Tavern Bar & Pub

Suggested Use

Top Pick Real Estate Agency Restaurant Spa & Massage Center Building Supply Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

56
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 72% Dining 28%
Dollar General Shops & Services
6,982 visits/mo 0.2 miles
Marco's Pizza Dining
1,741 visits/mo 0.2 miles
SUBWAY Dining
925 visits/mo 0.2 miles

Demographics for 44035, OH

61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • The Pub Tavern 8741 W Ridge Rd, Elyria, OH 44035
  • Tap That Mobile Bar 125 Bethesda Cir, Elyria, OH 44035

Frequently Asked Questions

What type of property is this?
Bar & Pub - Standalone bar and lounge/restaurant with recently replaced roof, updated kitchen equipment, and 80-space parking lot.
Where is this bar & pub located?
The property is located at 8741 W Ridge Rd Elyria, OH.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Standalone neighborhood bar and lounge/restaurant with a recently replaced roof; 80‑space parking lot was redone, plus new landscaping; Kitchen equipment updates include freezers, flat top, broiler, and grill
More about this property
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