205 2Nd St Barberton, OH 44203
- Turn key restaurants
- 1,952 SF
- 0.11 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 205 2Nd St
- Year built
- 1923
- Lot size
- 0.11 lot acres
- Property size
- 1,952 SF
- Property type
- Turn key restaurants
- APN
- 01-01298
- APU
- 101298
Description
This charming and well-established restaurant located at 205 2nd Street NW in Barberton, Ohio, presents a unique turnkey opportunity for a new owner. Boasting a loyal customer base and a reputation for delicious food and friendly service, this business is ready to continue its success under new management. The current owners are retiring and are willing to assist with a smooth transition, ensuring a seamless handover of operations. The building itself sits on a 0.11-acre lot and includes all necessary equipment for immediate operation. This includes three freezers, a sterilizer, an ice machine, a grill, and all other essential restaurant equipment. Recent upgrades significantly enhance the property's value and operational efficiency. These improvements include a new hot water tank (2023), a rooftop furnace (2023), a furnace and A/C unit (2022), a replumbed kitchen (2024), and a new grease trap (2024). The sale includes both the business and the building, offering a complete package for a prospective buyer. This is a rare chance to acquire a thriving, well-loved restaurant in a desirable downtown location. The asking price for this exceptional opportunity is $249,900.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $325,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $355,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $275,000
- Mixed-Use
- $375,000
- Hospitality
- $290,000
- Educational
- $350,000
- Residential Income
- $365,000
- Energy
- $325,000
- Income-Based Land
- $310,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Barberton
- County
- Summit
- State
- Ohio
- Longitude
- -81.6072
- Latitude
- 41.0162
- CBSA code
- 10420
- CBSA name
- AKRON, OH METROPOLITAN STATISTICAL AREA