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Property profile & analytics
OFF-MARKET
Turn key restaurants

2923 Rdg Rd Perry, OH 44081-8505

5,396 SF 0.86 ac lot Built 1910
Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US66-0653515
Property summary
AI-generated overview

This exceptional Perry, Ohio commercial property presents a unique investment opportunity. Located at 2923 and 2933 N Ridge Rd, this property boasts a prime corner location across from one of Northeast Ohio's busiest Sheetz gas stations, ensuring high visibility and substantial traffic counts. The main building offers 3,543 square feet of space, previously used as a restaurant and retail store, with an additional 2,700 square feet of lower-level space. Adding to its appeal is a separate income-producing 1,494 square foot house situated on the 1.2-acre lot. This three-bedroom, one-and-a-half-bathroom residence provides additional revenue potential or could be utilized for staff housing. The property's substantial size allows for ample room for expansion or future additions, catering to a variety of business needs. This versatile property is ideal for an established restaurant looking to expand or a new venture seeking a high-traffic location with significant potential for growth. The property is zoned for commercial use and is located in Lake County, Ohio, with a Perry, OH 44081 zip code. This is a rare opportunity to acquire a well-positioned commercial property with significant income potential and room for expansion in a thriving area.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1910
Construction WOOD
Total area 5,396 SF
Lot 0.86 ac (37,462 SF)
Zoning code B
APN 03-A-013-A-00-018-0
UPID US66-0653515
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
J4j Properties LLC · 16 yrs held
J4j Properties LLC
since 2009
2 recorded transactions
2009
Price N/A
2000
$140,000
Zoning & alternative use
B · Perry, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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