1708 Perry St Port Clinton, OH 43452-1426
This exceptional commercial property, located at 1708 E Perry Street in Port Clinton, Ohio, presents a unique investment opportunity. The property, encompassing 3,680 square feet on a 0.435-acre lot, is currently configured as the well-known Phil's Inn Restaurant and Bar. The sale includes existing restaurant equipment and a valuable D5 and D6 liquor license (transfer subject to approval). The main restaurant and bar area occupies approximately 2400 square feet, complemented by a 1200 square foot kitchen and storage area. The property previously featured an outdoor dining area, offering further expansion potential. The property's prime location in Port Clinton, Ohio, adjacent to several hotels, ensures high visibility and convenient access. Ample parking is available on-site. Food recipes are available for separate purchase from the current owner. This is an excellent opportunity to acquire a well-established business and property, ideally positioned to capitalize on the upcoming tourist season. The property is zoned for commercial use and is ready for immediate occupancy. The asking price is $230,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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