602 Bucyrus St Crestline, OH 44827-1638
- Parking lots & garages
Current Use by Public Records
- Just Jokin' / Bar / Restaurant
- James Eriamiatoe / Vehicle Shipping Agent
Property Details for 602 Bucyrus St
- Property type
- Parking lots & garages
- APN
- 24-0019715.000
- APU
- 240019715000
Description
This exceptional opportunity presents the chance to acquire a well-established and highly profitable restaurant and bar located at 602 W Bucyrus St, Crestline, OH. Known locally as "Just Jokin'," this business boasts a rich history spanning decades, consistently demonstrating strong performance. The property is exceptionally well-maintained and features numerous recent updates, ensuring a smooth transition for the new owner. All existing equipment is included in the sale, eliminating the need for significant upfront investment in furnishings and appliances. A key feature contributing to the business's success is its sizable and attractive patio area, perfect for outdoor dining and events. Further enhancing its appeal is a dedicated stage, ideal for live entertainment and attracting a wider clientele. Ample parking is available, ensuring convenient access for patrons. The property also benefits from a D5 Liquor License, a significant asset for continued operation and profitability. Priced at $325,000, this turnkey business presents a rare opportunity for an experienced restaurateur or investor seeking a well-established and thriving enterprise with significant growth potential. The property's location in Crestline, OH, offers a strong local market and the potential to attract customers from surrounding areas. The combination of a proven track record, desirable amenities, and a valuable liquor license makes this a truly compelling investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $175,000
- 7%
- $170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $160,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $135,000
- Mixed-Use
- $180,000
- Hospitality
- $165,000
- Educational
- $165,000
- Residential Income
- $155,000
- Energy
- $185,000
- Income-Based Land
- $155,000
- Food Service
- $180,000
Location Insight
- Map
- Local Demand
- City
- Crestline
- County
- Crawford
- State
- Ohio
- Longitude
- -82.7436
- Latitude
- 40.7839
- CBSA code
- 15340
- CBSA name
- BUCYRUS, OH MICROPOLITAN STATISTICAL AREA