Technical
Financial
Distress signals
Property profile

1313 Main St Kent, OH 44240

OFF-MARKET
Turn key restaurants
Property ID
US66-1563898
5,879 SF 0.81 ac lot Built 1948
Individually Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Kent, OH, property presents a lucrative investment opportunity. Located at 1313 W Main Street, this well-established restaurant and bar, known as The Bistro On Main, boasts a substantial 5,879 square feet of space on a 0.75-acre lot. The property has been under the same ownership for 19 years, demonstrating its enduring success and strong customer base. The spacious layout includes a remodeled bar with seating for 22 patrons, a lounge area accommodating 58 guests, a main dining room with seating for 68, and a three-season room with seating for an additional 26. A significant asset is the recently added patio, completed in 2016, which expands the seating capacity and outdoor dining options. Adding to the income potential, a separate apartment above the bar generates a monthly rental income of $2200. The sale includes both the building and the thriving business, offering a turnkey operation with established clientele and proven profitability. This is a rare chance to acquire a turnkey restaurant and bar with significant income potential in a desirable Kent location. The property is priced at $1,200,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1948
Total area 5,879 SF
Lot 0.81 ac (35,375 SF)
APN 17-027-10-00-010-002
UPID US66-1563898

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1313 Main St Kent, OH 44240-1939
Kent metro Census 601300 AKRON, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2016
2 recorded transactions
2016
$350,000
2005
Price N/A

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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