Property profile

381 Perry St Fostoria, OH 44830

OFF-MARKET
Turn key restaurants
Property ID
US66-3503258
1,892 SF 0.11 ac lot Built 1930
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This thriving, turn-key pizza parlor presents a fantastic opportunity for an ambitious entrepreneur. Located at 381 Perry Street Unit 381, Fostoria, OH, this well-established business, known as Red's Pizza, is offered at $300,000. The sale includes all equipment and contents, making for a seamless transition. Situated on a 0.11-acre lot, the property boasts a history of successful operation. Recent upgrades significantly enhance efficiency and longevity. These improvements include a new rubber roof (2017), a new air conditioning unit (2017), a new freezer (2017), a large prep table (2017), a new ice machine (2021), a new compression system for the walk-in cooler (2022), a new small prep table (2023), a new water heater (2023), new oven valves (2024), a new compressor for the three-door cooler (2024), and a new outside water line (2024). The sale does not include Fostoria memorabilia. This is a rare chance to acquire a profitable, established business with minimal start-up costs and significant recent investments in equipment and infrastructure. The prime location ensures continued success for the right owner. Don't miss this exceptional opportunity to own your own piece of Fostoria's culinary scene.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction FRAME
Total area 1,892 SF
Lot 0.11 ac (4,794 SF)
APN P51010841880000
UPID US66-3503258

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

381 Perry St Fostoria, OH 44830-2169
Fostoria metro Census 962900 TIFFIN, OH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 381 Perry St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message