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    665 Lafayette Rd Medina, OH 44256

    Sponsored
    For Sale
    $348,000

    Prime Medina location, dual income streams.

    Property size:
    2,934 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property at 665 Lafayette Rd, Medina, OH 44256, presents a unique investment opportunity. The 2,934 square foot building, constructed in 1900 and renovated in 1999, sits on a 0.51-acre lot and boasts a C-1 zoning designation. The property includes a thriving restaurant/bar (Diner 42 Tavern & Grill, home of the Medina Salsa Company) occupying 1,062 square feet on the first floor. Upstairs, a charming 936 square foot, two-unit apartment offers additional income potential. The apartment features three bedrooms and one bathroom. The property also features an attractive outdoor space, including an enclosed porch, open porch, large wood deck, volleyball court, and an artificial turf area for games. All restaurant furniture, fixtures, and equipment are included in the sale. The property enjoys high visibility on State Route 42 near the main circle, benefiting from an average daily traffic count of 10,420 vehicles. This location provides excellent exposure and proximity to the local industrial park and fairgrounds. The asking price is $348,000, representing a price per square foot of $118.61 based on the 1,998 square feet of net rentable space. This turnkey operation offers immediate income and significant upside potential in Medina's vibrant commercial landscape. The property's versatile amenities and established customer base make it an ideal investment for both seasoned and aspiring entrepreneurs. The APN is 028-19C-09-015.

    Property Features for 665 Lafayette Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,934 SF
    Class
    C
    Lot Size
    22,216 SF

    Building Details

    Year Built/Renovated
    1900/1999
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • $348,000 asking price for a mixed‑use property.
    • 2,934 square feet total, with 1,998 square feet net rentable.
    • Located at 665 Lafayette Rd, Medina, OH 44256, on a 0.51‑acre lot (APN: 028‑19C‑09‑015).
    • Features a restaurant/bar (1,062 sq ft) and a 3‑bedroom, 1‑bathroom apartment (936 sq ft).
    • Built in 1900, renovated in 1999, with C‑1 zoning.
    • Includes all restaurant FF&E.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diner 42 Diner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Medina
    County
    Medina
    State
    Ohio
    Longitude
    -81.8770031
    Latitude
    41.1302757

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    FAQs

    What type of property is this?
    Multifamily property - Prime Medina location, dual income streams.
    Where is this multifamily property located?
    The property is located at 665 Lafayette Rd Medina, OH.
    What is the asking price?
    The asking price for this property is $348,000.
    What are key features of this property?
    This property features: $348,000 asking price for a mixed-use property.; 2,934 square feet total, with 1,998 square feet net rentable.; Located at 665 Lafayette Rd, Medina, OH 44256, on a 0.51-acre lot (APN: 028-19C-09-015).
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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
    665 Lafayette Rd Medina, OH 44256
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