Property profile

147 Cedar Hl Rd Lancaster, OH 43130

OFF-MARKET
Turn key restaurants
Property ID
US66-1999345
1,770 SF 0.19 ac lot Built 1900
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established and highly-rated pizza restaurant in Lancaster, Ohio. Located at 147 Cedar Hill Road, this turnkey operation boasts a rich 20-year history as Sugar Bears Pizza, built upon a legacy of over 50 years in the pizza industry. The property includes two parcels totaling 13,939.2 square feet, featuring a 1,866 square foot dine-in restaurant with a drive-thru window (currently inactive). Ample parking is available for 12+ vehicles. The sale encompasses the business and trade name, along with established recipes and well-maintained equipment. Sugar Bears Pizza enjoys a stellar reputation, evidenced by its 4.6 Google rating and 4.5 TripAdvisor rating, attracting a loyal customer base from Lancaster and beyond. The convenient location offers easy access from Lancaster and two nearby 33 Bypass interchanges. Significant growth potential exists through the addition of delivery services, extended hours, and expanded menu offerings. The asking price is $749,900. This is a rare chance to own a thriving business with a proven track record and substantial upside. Serious inquiries only, please do not contact the business directly.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction STEEL FRAME
Total area 1,770 SF
Lot 0.19 ac (8,141 SF)
APN 053-60735.00
UPID US66-1999345

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

147 Cedar Hl Rd Lancaster, OH 43130-3637
Lancaster metro Census 31600 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$60k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$90k

Owner & transaction history

since 2021
Last sale
$100,000
1 recorded transaction
2021
$100,000

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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