4 New Hudson Rd Aurora, OH 44202
- Turn key restaurants
- 1,952 SF
- 0.48 lot acres
Current Use by Public Records
- PureBliss Studios / Yoga Studio
Property Details for 4 New Hudson Rd
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.48 lot acres
- Property size
- 1,952 SF
- Property type
- Turn key restaurants
- APN
- 03-025-00-00-016
- APU
- 30250000016
Description
This exceptional 1,952 square foot retail property, located at 4 New Hudson Road in Aurora, OH, presents a fantastic investment opportunity. The building, formerly Reggie's Spaghetti House, has undergone a complete renovation, boasting beautiful original hardwood floors in the main area, complemented by stunning wormy chestnut trim, cabinets, and doors. The updated kitchen features granite countertops, and there are dual public restrooms for customer convenience. Modern LVT and LVP flooring covers most of the space. A large open area at the rear, currently used as a boutique, offers deck access and could easily serve as an office or conference room. A spacious deck with a ramp provides outdoor space, and a full unfinished basement offers additional storage potential. Ample parking is available, accommodating approximately 30 vehicles. Currently zoned C-1, the property has an occupancy rating of 85 people. Significant upgrades include new plumbing, electrical systems, drywall, electric service panel, rear deck, roof(s), a nature stone basement floor, refinished hardwood floors, and brand new trim, doors, and cabinets. The 0.47-acre lot ensures high visibility and accessibility. The business currently operating within the space is not included in the sale. This versatile property is ideal for a variety of retail uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $355,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $325,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $410,000
- Mixed-Use
- $350,000
- Hospitality
- $400,000
- Educational
- $360,000
- Residential Income
- $355,000
- Energy
- $440,000
- Income-Based Land
- $455,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Portage
- State
- Ohio
- Longitude
- -81.3347
- Latitude
- 41.3167
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA