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Property profile & analytics
OFF-MARKET
Turn key restaurants

2067 4th St Ontario, OH 44906-1710

4,230 SF 0.8 ac lot Built 1971
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1244901
Property summary
AI-generated overview

This prime commercial property, located at 2067 W Fourth St in Ontario, Ohio, presents a unique investment opportunity. The 4,230 square foot building, constructed in 1971, sits on a 0.798-acre lot and is priced at $620,000 ($146.57/sq ft). Previously operating as a fully equipped restaurant, this turnkey space includes existing restaurant equipment such as hoods, a walk-in cooler, an Ansul fire suppression system, a dishwasher area, booths, tables, and chairs. A liquor license is also available for transfer. The property boasts ample parking and benefits from a high-traffic location with excellent visibility, making it ideal for a variety of uses, including a drive-thru restaurant. Situated in Ontario, a major regional retail hub serving a shopping population of 150,000 in North Central Ohio, this location offers exceptional access to a large customer base. The property's zoning and potential uses should be verified independently. This is a rare opportunity to acquire a well-located, established commercial property with significant upside potential. The property is zoned for commercial use.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Total area 4,230 SF
Lot 0.8 ac (34,761 SF)
APN 038-60-229-10-001
UPID US66-1244901
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Si Chun Xiao And Li Ying Chen Fmtr · 4 yrs held
Si Chun Xiao And Li Ying Chen Fmtr
since 2022
4 recorded transactions
2022
Price N/A
2021
$520,000
2015
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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