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Property profile & analytics
OFF-MARKET Estimated value $80,000
Turn key restaurants

450 Chester St Painesville, OH 44077-4167

1,760 SF 0.22 ac lot Built 1955
Individually Owned 5-yr Hold Free & Clear
Property ID
US66-0633702
Property summary
AI-generated overview

This exceptional investment property, located at 450 Chester Street in Painesville, Ohio, presents a unique opportunity for a savvy buyer. Situated on a 0.22-acre lot, this building offers significant potential for redevelopment. Its prime location places it just minutes from the bustling city center, ensuring high visibility and convenient access for potential customers. The existing structure is ideally suited for a restaurant or bar and grill, boasting a layout that's ready for immediate use. All necessary equipment, tables, and chairs are included in the sale, representing a significant cost savings for the new owner. While the building requires some cosmetic updates and renovations, the inherent value and prime location make this a compelling investment. The asking price of $150,000 reflects the need for improvements, offering a substantial return on investment for the right buyer with a vision. The property's versatility allows for a range of potential uses beyond food service, making it an attractive option for entrepreneurs seeking a high-traffic location. Don't miss this chance to acquire a property with immense potential in a thriving Ohio city. Serious inquiries are encouraged.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1955
Total area 1,760 SF
Lot 0.22 ac (9,444 SF)
Zoning code B-4
APN 15-A-017-0-00-011-0
UPID US66-0633702
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k
Owner & transaction history
Patrick Harford · 5 yrs held
Patrick Harford
since 2021
Last sale
$90,000
3 recorded transactions
2021
$49,600
2021
$20,476
2001
$90,000
Zoning & alternative use
B-4 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Painesville, OH
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