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Property profile

37000 Detroit Rd Avon, OH 44011

OFF-MARKET
Retail properties & Spaces
6,500 SF 0.51 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional mixed-use property in Avon, Ohio's French Creek District offers a unique owner-user opportunity. The 6,500 square foot building boasts a 5,000 square foot bar/restaurant with a full kitchen including a 16-foot hood system, two bars, a 12-tap and 8-tap beer system, and a large walk-in keg cooler. A 600 square foot retail space and an 860 square foot one-bedroom apartment complete the versatile layout. The property also features a substantial 2,200 square foot patio and ample parking for 60 vehicles. Situated on a high-visibility 0.51-acre corner lot with 325 feet of frontage on Colorado Avenue/SR 611 and 200 feet on Detroit Road/SR 254, this location offers excellent exposure. Built in 1920 and renovated in 2014, the building includes a new roof, fixtures, furniture, and equipment (FF&E), and a comprehensive security system encompassing fire, theft, motion, and alarm detection. The property is zoned commercial and has a Lorain County APN of 0400010113030. Asking price is $1,675,000 ($257.69/sq ft). This is an ideal investment for a discerning buyer seeking a turnkey operation in a prime location.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1920
Total area 6,500 SF
Lot 0.51 ac (22,216 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

37000 Detroit Rd Avon, OH 44011
Avon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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