Property profile

6497 Oh-85 Andover, OH 44003

OFF-MARKET
Retail properties & Spaces
2,700 SF 1.26 ac lot Built 1957
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Property summary

AI-generated overview

This turnkey restaurant opportunity in Andover, Ohio presents a unique chance to acquire a profitable, established business. Located on a 1.26-acre lot at 6497 OH-85, this 2,700 square foot, single-story building boasts a prime location near Lake Pymatuning and Pymatuning State Park, attracting significant tourism. The property includes a shed and ample parking. Built in 1957 and extensively renovated in 2020, the restaurant features updated interiors, equipment, and a spacious outdoor patio. The current occupancy is 100%, with significant potential for expansion into dinner service, extended hours, and additional entertainment options. All existing equipment and furnishings are included in the sale price of $325,000. The property is zoned for commercial use and benefits from high visibility due to its main road location and signage. This NNN-leased property offers a strong return on investment with its established clientele and high growth potential. The property's APN is 010310023900, 010310023800.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1957
Total area 2,700 SF
Lot 1.26 ac (54,886 SF)

Cap rate & NOI

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

Location

6497 Oh-85 Andover, OH 44003
Andover 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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