1241 Greenville Rd Cortland, OH 44410-9533
This exceptional mixed-use property, situated at 1241 Greenville Road in Cortland, Ohio, presents a unique investment opportunity. The 0.4-acre lot hosts a well-established restaurant currently operating on the ground floor. The restaurant's equipment and display cases are included in the sale, providing a turnkey operation for a new owner. Above the restaurant is a spacious three-bedroom, one-bathroom apartment, ideal for owner occupancy or leasing to generate additional income. The upper level apartment offers flexibility for the new owner. The building's history includes a lower level previously used as a bait shop, selling hunting and fishing licenses. This suggests strong potential for various retail ventures catering to the local community and tourists visiting nearby Mosquito Lake Causeway, where the property enjoys a prominent west-side location. The property's versatile layout and prime location make it suitable for a variety of uses, allowing for creative adaptation to meet the needs of a new business owner. The asking price is $285,000. This presents a compelling opportunity for investors and entrepreneurs seeking a profitable venture in a high-traffic area. The property's existing infrastructure and equipment significantly reduce start-up costs, making it an attractive investment with immediate income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.