Technical
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Property profile

380 Main St Andover, OH 44003

OFF-MARKET
Turn key restaurants
Property ID
US66-2813910
4,509 SF 0.36 ac lot Built 1950
Individually Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This unique property at 380 E Main in Andover, Ohio presents a rare opportunity to own a piece of Ashtabula County history. The building, formerly known as Covered Bridge Pizza, features a genuine covered bridge—relocated from Forman Road—integrated into its design. This single-family-owned restaurant boasts a beautiful dining area, perfect for creating a welcoming atmosphere for patrons. The property includes convenient public restrooms, ample storage in a full basement, and a fully functional kitchen equipped with a pizza oven, ready for immediate use. The kitchen is well-equipped for continued restaurant operations. Maintenance is simplified with a newer metal roof and a furnace that's only four years old. The 0.86-acre lot provides ample space, and the strategic location near Pymatuning Lake ensures a steady stream of local and seasonal customers. This turnkey operation is ideal for an experienced restaurateur looking to establish themselves in a vibrant community or for an investor seeking a unique and historically significant property with high potential. The property offers a blend of historical charm and modern functionality, making it a truly exceptional investment opportunity. The building's history and prime location near Pymatuning Lake combine to create a strong foundation for future success. This is a chance to acquire a well-maintained, established business with significant potential for growth. The existing infrastructure and equipment are in good working order, minimizing initial investment requirements.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction WOOD
Total area 4,509 SF
Lot 0.36 ac (15,682 SF)
APN 02-013-40-015-00
UPID US66-2813910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

380 Main St Andover, OH 44003
Andover metro Census 1301 ASHTABULA, OH MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
Last sale
$410,000
1 recorded transaction
2025
$410,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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