Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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