16230 Dresden Ave East Liverpool, OH 43920-9656
Property profile & analytics
16230 Dresden Ave East Liverpool, OH 43920-9656
- Turn key restaurants
- 3,250 SF
- 1.49 lot acres
Property ID
US66-1882386
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 16230 Dresden Ave
- Year built
- 1995
- Lot size
- 1.49 lot acres
- Property size
- 3,250 SF
- Property type
- Turn key restaurants
- APN
- 61-07848-002
- APU
- 6107848002
Description
This exceptional investment opportunity presents a 3,401 square foot Bob Evans restaurant in East Liverpool, Ohio. Located at 16230 Dresden Ave, 43920, this single-tenant property boasts a 20-year absolute NNN lease commencing July 24, 2023, and expiring July 31, 2043, with a remaining term of 18.7 years. The lease includes a corporate guarantee and features 2% annual rent bumps starting May 1, 2027. The property sits on a 1.88-acre lot and was built in 1995. Currently operating at 100% occupancy, it generates a Net Operating Income (NOI) of $198,977, resulting in a 7.00% cap rate and a price per square foot of $835.79. The asking price is $2,842,529. Benefiting from high visibility and accessibility due to its location on Lincoln Highway and State Route 170, the property is an outparcel of the Summit Square Shopping Center, near other national retailers. Its proximity to the State Route 39 Development, slated for expansion, promises further traffic increases. The property's location is ranked in the 70th percentile by Placer.Ai, indicating strong market performance. Lease renewal options of 4 or 5 years are available.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- East Liverpool
- County
- Columbiana
- State
- Ohio
- Longitude
- -80.5889
- Latitude
- 40.6657
- CBSA code
- 41400
- CBSA name
- SALEM, OH MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,805
$125,370
$65,310
$190,680
-
$358,200
$186,600
$544,800
