127 Main St Creston, OH 44217
- Turn key restaurants
- 3,564 SF
- 0.06 lot acres
Current Use by Public Records
- Pike Station Restaurant & Pizza Place / Pizza Restaurant
Property Details for 127 Main St
- Year built
- 1882
- Lot size
- 0.06 lot acres
- Property size
- 3,564 SF
- Property type
- Turn key restaurants
- APN
- 09-00159-000
- APU
- 900159000
Description
This exceptional mixed-use property at 127 S Main Street, Creston, OH, presents a compelling investment opportunity. The 3,564 square foot building sits on a 0.21-acre lot in Creston's vibrant commercial district, benefiting from high visibility and convenient access between Akron, Medina, and Wooster. The ground floor houses Pike Station, a fully operational breakfast restaurant with a seating capacity of 50. The restaurant is equipped with a comprehensive array of commercial kitchen appliances, including a hood system, walk-in cooler and freezers, deep fryers, and pizza ovens – a truly turnkey operation. Upstairs, a spacious three-bedroom apartment generates consistent rental income, currently leased month-to-month at $1,050 per month. Recent renovations have significantly enhanced the property's value and functionality. These updates include a new electrical system, hot water tank, and furnace, along with new kitchen cabinets and flooring, updated lighting, and renovated bathrooms on the second floor. Security cameras provide added peace of mind. A full basement, accessible from the exterior, offers additional storage space and includes a walk-in cooler, ice machine, and freezer. This property's prime location, coupled with its income-generating potential and recent upgrades, makes it an attractive investment for both business owners and investors seeking a strong return. The asking price is $275,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $135,000
- 6.5%
- $130,000
- 7%
- $135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $145,000
- Geo Method
- $150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $120,000
- Retail
- $135,000
- Mixed-Use
- $145,000
- Hospitality
- $145,000
- Educational
- $125,000
- Residential Income
- $145,000
- Energy
- $130,000
- Income-Based Land
- $135,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Creston
- County
- Wayne
- State
- Ohio
- Longitude
- -81.8953
- Latitude
- 40.9831
- CBSA code
- 49300
- CBSA name
- WOOSTER, OH MICROPOLITAN STATISTICAL AREA
