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Property profile & analytics
OFF-MARKET
Turn key restaurants

4861 Rdg W Rd Ashtabula, OH 44004-9409

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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