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Property profile

4629 130th St Cleveland, OH 44135

OFF-MARKET
Turn key restaurants
Property ID
US66-0061460
2,400 SF 0.26 ac lot Built 1952
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional opportunity presents a fully operational bar and grill, previously operating as the Meet and Greet Bar and Grill, available for purchase at $350,000. The sale includes all necessary licenses for liquor and food service, allowing for extended sales on the enclosed patio, carryout, liquor service until 2 AM, and Sunday sales. All equipment is included in the sale, representing a true turnkey operation. Features include 8-10 televisions, a pool table, and an initial liquor inventory. The property boasts new flooring (installed recently), a 2021 furnace, and a 2020 hot water tank. Security is provided by an ADT system with cameras. The kitchen is fully equipped with a gas stove, commercial deep fryer, ample food preparation and storage space, a freezer, refrigerator, ice maker, and chest cooler. The bar area includes bar seating, a dance floor, and private seating areas. Customer restrooms have been updated, and there is a separate office with a private bath. The property also features a convenient open foyer area suitable for a hostess or security station. A jukebox and speaker system are currently under a monthly contract, which the new owner may choose to continue or terminate. The 0.26-acre lot provides ample parking at the side and rear of the building. This well-established business enjoys a prime location, close to the site of the new Browns stadium, offering significant growth potential.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1952
Construction WOOD
Total area 2,400 SF
Lot 0.26 ac (11,200 SF)
Zoning code GR
APN 020-12-015
UPID US66-0061460

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
  • Bar & Pub Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$85k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2024
Last sale
$112,900
6 recorded transactions
2024
$68,000
2021
$112,900
2018
$112,900
2006
$170,000
2005
$52,000
2005
Price N/A

Zoning & alternative use

GR · Cleveland, OH
Zoning description

Zoning District: GR-C2 Current Use: Vacant T otal Structure Sqft: 3772.5 SITE DATA TABLE 100’ 90’ 30’ 20’ 8’ 5’ 45’ 50’ 69’ 60’ 5’ 7’6”75’ 8’ 86’7’6” 20’ 7’6” 52’6”’ 20’ 10’ 15’ 9’17’ 9’17’ 9’17’ 9’17’ 24’ 30’ 40’ 48’ 12…

General category COMMERCIAL

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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