3005 Bardshar Rd Sandusky, OH 44870-9683
- Turn key restaurants
- 4,864 SF
- 1.53 lot acres
Current Use by Public Records
- Bedrock Tavern / Bar
Property Details for 3005 Bardshar Rd
- Year built
- 1950
- Lot size
- 1.53 lot acres
- Property size
- 4,864 SF
- Property type
- Turn key restaurants
- APN
- 33-00468-003
- APU
- 3300468003
Description
This exceptional investment opportunity encompasses a thriving business and substantial real estate holdings. Located conveniently between Sandusky and Castalia, Ohio, this property sits on a spacious 1.53-acre lot, just minutes from Route 2, ensuring excellent accessibility and visibility. The property includes two distinct, yet complementary, businesses: a fully remodeled Bedrock Tavern and a three-bedroom, two-bathroom Airbnb. The tavern offers a turnkey operation, ready for immediate income generation. The Airbnb provides additional revenue streams and potential for expansion. The property also boasts four garage spaces, offering ample storage or potential for additional development. The entire property has undergone a complete remodel, presenting a modern and attractive space for both businesses. This unique offering allows for the acquisition of both the established businesses and the underlying real estate, providing a significant return on investment. The combination of a well-established tavern and a profitable Airbnb, situated on a large parcel of land, presents a rare opportunity for a savvy investor seeking a diverse and lucrative portfolio addition. This is a chance to own the business, the bar, the building, and the land – a truly comprehensive and turnkey investment. The property's prime location and the current success of both businesses make this a highly desirable and potentially very profitable venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $275,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $305,000
- Mixed-Use
- $300,000
- Hospitality
- $325,000
- Educational
- $360,000
- Residential Income
- $330,000
- Energy
- $385,000
- Income-Based Land
- $310,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- Sandusky
- County
- Erie
- State
- Ohio
- Longitude
- -82.7719
- Latitude
- 41.4069
- CBSA code
- 41780
- CBSA name
- SANDUSKY, OH METROPOLITAN STATISTICAL AREA