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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

12685 Conneaut Lake Rd Conneaut Lake, PA 16316

3,284 SF 0.48 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents a thriving, turn-key restaurant for sale in Conneaut Lake, Pennsylvania. The property, built in 2015, boasts 3,284 square feet on a 0.479-acre corner lot, strategically located along a high-traffic corridor between Meadville and Conneaut Lake, averaging 11,000 vehicles daily (based on 2022 PennDOT AADT data). The main floor encompasses a spacious dining area with seating for approximately 118 patrons, a fully equipped commercial kitchen featuring walk-in cooler and freezer units, and two ADA-compliant customer restrooms, plus an employee restroom. A sizable 1,023 square foot basement provides ample storage and includes additional restroom facilities. The building is fully climate-controlled, equipped with radiant floor heating and air conditioning. Abundant off-street parking is available, including designated handicap spaces, and sidewalks are heated. The property is zoned CC - Conneaut Corridor. This sale includes the established business, real property, equipment, and all business assets. Financial records indicate average gross sales of $723,278 for 2022-2023. A 3D tour and floor plan are available upon request. The asking price is $895,000. This represents a unique opportunity to acquire a profitable, established restaurant in a prime location.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 3,284 SF
Lot 0.48 ac (20,865 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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