Property profile

1117 Wertz NW Ave Canton, OH 44708

OFF-MARKET
Bars & Pubs
Property ID
US66-6141117
3,000 SF 0.35 ac lot Built 1970
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This turnkey restaurant opportunity in Canton, Ohio, presents a unique chance to acquire a thriving neighborhood bar. Located just one mile from the Pro Football Hall of Fame, this 3,327 square foot, single-story establishment sits on a 0.371-acre lot (APN 10014538) and is zoned B-3. The property, built in 1966, boasts a recently renovated interior featuring a large horseshoe bar seating 22, a newer 8-tap Perlick glycol draft system, a walk-in cooler, ice machine, stainless steel sinks and prep tables, six TVs with a 1000-watt professional sound system and six speakers. Additional features include a spacious seating area, dance floor, stage, four booths, a darts area, a sizeable kitchen, two handicap-accessible restrooms, and a private staff restroom. Custom built-in features include a drink ledge, large barback liquor shelving with LED lighting, and wrap-around framed mirrors. The bar's décor incorporates new and vintage signs and mirrors. A private fenced-in patio with a gazebo offers additional outdoor seating and entertainment space. Ample parking is available. Recent updates include a new gas furnace, water heater, electrical system, and backflow preventer. The sale includes D-1, D-2, D-3 liquor licenses and a food license. This fully equipped establishment is ideally positioned to capitalize on the 2024 Hall of Fame festivities. The asking price is $249,000.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1970
Construction BRICK
Total area 3,000 SF
Lot 0.35 ac (15,080 SF)
APN 10-014538
UPID US66-6141117

Cap rate & NOI

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

Location

1117 Wertz NW Ave Canton, OH 44708-4081
Canton metro Census 711600 CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2024
Last sale
$225,000
1 recorded transaction
2024
$225,000

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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