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    1241 Greenville Rd Cortland, OH 44410

    Sponsored
    For Sale
    $285,000

    Mixed-use property, great investment!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, situated on 0.403 acres at 1241 Greenville Road in Cortland, Ohio (44410), presents a unique investment opportunity. Currently housing a popular restaurant with a three-bedroom, one-bathroom apartment above, this versatile space offers numerous possibilities. The upper-level apartment can be leased for additional income or used as owner-occupied housing. The main level, previously operating as a restaurant, includes all existing restaurant equipment and display cases, which will convey with the sale. The lower level has a history as a bait shop, offering potential for various retail uses. The property's prime location on the west side of Mosquito Lake Causeway ensures high visibility and accessibility. Its proximity to State Route 46 provides convenient access for both locals and tourists. Whether you envision continuing the restaurant operation, converting it to another food service business (such as a bakery, pizza shop, or coffee shop), or exploring entirely different commercial ventures, this property offers significant potential for growth and profitability. The 0.403-acre lot provides ample space for expansion or outdoor seating. Don't miss this chance to acquire a well-established, versatile commercial property in a desirable location. This is a truly unique opportunity for investors and entrepreneurs alike.

    Property Features for 1241 Greenville Rd

    General Information

    Property type
    Land
    Lot Size
    17,555 SF

    HighLights

    • $285,000 asking price.
    • 0.403‑acre lot.
    • Mixed‑use property located on Mosquito Lake Causeway.
    • Features a restaurant with a 3‑bed, 1‑bath apartment.
    • Restaurant equipment and display cases included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Hotel & Motel Department Store Discount Store Tailor Shop Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortland
    County
    Trumbull
    State
    Ohio
    Longitude
    -80.77658
    Latitude
    41.3907272

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    FAQs

    What type of property is this?
    Land - Mixed-use property, great investment!
    Where is this land located?
    The property is located at 1241 Greenville Rd Cortland, OH.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: $285,000 asking price.; 0.403-acre lot.; Mixed-use property located on Mosquito Lake Causeway.
    Request Owner's contact information
    1241 Greenville Rd Cortland, OH 44410
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    Cortland, OH 44410
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1241 Greenville Rd Cortland, OH 44410
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