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Property profile & analytics
OFF-MARKET Estimated value $550,000
Turn key restaurants

255 Riverside Dr Tiffin, OH 44883-1609

16,718 SF 5.19 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
Property ID
US66-2998652
Property summary
AI-generated overview

This exceptional investment opportunity presents a historic, three-story restaurant and event space in Tiffin, Ohio. The property, located at 255 Riverside Dr, boasts a substantial 16,718 square feet of space, perfectly suited for a full-service restaurant and event venue. The building sits on a large 225,862 square foot lot and includes 110 parking spaces, ensuring ample room for patrons and staff. Currently operating at 100% occupancy, this established business benefits from its prime location and stunning riverfront views. A spacious outdoor deck with a full bar enhances the property's appeal. The property is zoned (430) C Restaurant, Cafeteria, and/or Bar, allowing for a variety of uses. Further adding to its value, this building is registered as a historical landmark. Financial information is available upon request with the signing of a non-disclosure agreement. This is a rare chance to acquire a thriving business in a desirable location with significant potential for growth. The property's size, location, and historical significance make it a truly unique and attractive investment. The asking price is $1,200,000. The APN is Q53011047880000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction FRAME
Total area 16,718 SF
Lot 5.19 ac (225,902 SF)
APN Q53011047880000
UPID US66-2998652
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
PIASANS MILL INC
PIASANS MILL INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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