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    FOR SALE
    Turn key restaurants

    4861 Ridge Rd N, Ashtabula, OH 44004

    3,348 SF 0.8 ac lot Built 1974
    Individually Owned 28-yr Hold Absentee Owner Free & Clear
    Property ID
    US66-2490789
    Property summary
    AI-generated overview

    This exceptional 2,448 square foot commercial property, situated on a 0.87-acre lot at 4861 N Ridge in Ashtabula, Ohio, presents a unique investment opportunity. Previously operating as a successful family-owned restaurant and pizzeria, this building boasts a rich history and prime location, benefiting from significant traffic from tourists visiting nearby Lake Erie, GOTL, and campgrounds. The property's strategic placement ensures high visibility and consistent customer flow. The interior features a spacious and inviting dining area, well-maintained public restrooms, and a fully functional kitchen equipped with two pizza ovens and walk-in coolers. The building's infrastructure is in excellent condition, with a roof and two gas furnaces less than 10 years old. The property's previous use as a bank adds to its versatility, offering endless possibilities for a variety of commercial ventures. This turnkey operation is ready for immediate occupancy and presents a rare chance to acquire a piece of Ashtabula County history and capitalize on its established commercial potential. The property's size and features make it ideal for a restaurant, but its adaptable layout allows for a wide range of other business uses. This is a remarkable opportunity for an astute investor seeking a profitable and historically significant commercial property. High-quality photos are available online.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1974
    Total area 3,348 SF
    Lot 0.8 ac (34,848 SF)
    APN 48-015-00-054-00
    UPID US66-2490789
    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
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    Owner & transaction history
    COVERED BRIDGE PIZZA & PARLORS INC
    COVERED BRIDGE PIZZA & PARLORS INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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