255 Riverside Dr Tiffin, OH 44883-1609
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.