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54 Mckinley St Huron, OH 44839

Bars & Pubs Google Maps
1,986 SF 0.2 ac lot Built 1945
Entity Owned 8-yr Hold ~ Est. High Equity
Estimated value (blended)
$315k
Range $284k – $347k (±10%)
Property ID US66-6108353

Property summary

AI-generated overview

This exceptional turn-key restaurant and tavern, located at 54 McKinley Street in the heart of Huron, Ohio, presents a rare opportunity for a savvy investor. Boasting 1,986 square feet on a 0.2-acre lot, this well-established business enjoys a prime location, conveniently situated near the city beach and other Huron amenities. The property benefits from a long and successful history as a popular gathering spot, known for its inviting atmosphere and delicious food. All existing equipment is included in the sale, with some minor exclusions to be detailed upon request. Financial information is available to qualified buyers after the execution of a Non-Disclosure Agreement (NDA). The property is sold as-is, with the understanding that the business name, "The Sand Bar," is subject to a deed restriction and cannot be altered. While the property itself offers ample parking, additional parking is secured through a separate lease agreement with an adjacent property owner. This turnkey operation is ready for a new owner to step in and continue its legacy of success in the vibrant Huron community. The asking price for this exceptional property is $775,000. Serious inquiries only.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1945
Total area 1,986 SF
Lot 0.2 ac (8,712 SF)
APN 42-00896-000
UPID US66-6108353

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2018
2 recorded transactions
2018
$217,000
2006
$210,000

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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