Property profile

1591 State Route 45 Austinburg, OH 44010

FOR SALE
Turn key restaurants
Property ID
US66-2205143
7,512 SF 9.99 ac lot Built 1987
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a 7,512-square-foot building constructed in 1987, located on 9.99 acres and historically used for events and dining, including restaurant operations and wedding/private dinner hosting. It includes features such as a hand-dug wine cellar with an architectural glass floor for viewing from the first floor, custom stained-glass entry door windows, a marble Italianate fireplace casing, and a double-tier bronze Tiffany chandelier, along with custom aquariums and library casings. Interior amenities include a fully remodeled second-floor bathroom and recessed lighting on the upper level. Outdoor improvements include a wrap-around porch and patio with koi ponds, a walkway leading to a bocce court, and an event-oriented stonework foundation using stone sourced from a creek on the property. The site is served by city water and sewer and is positioned on a high-traffic route; it has previously been known as the Defina Auction Hall and has appeared in the movie Harvest Home. The property is configured to support continued restaurant or event use and is intended to be taken in its existing condition.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Construction WOOD
Total area 7,512 SF
Lot 9.99 ac (435,077 SF)
APN 07-008-00-026-00
UPID US66-2205143

Cap rate & NOI

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

Location

1591 State Route 45 Austinburg, OH 44010
Austinburg metro Census 1002 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2012
Price N/A
2006
$535,000
1969
Price N/A
1969
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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