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Property profile & analytics
OFF-MARKET
Turn key restaurants

665 Lafayette Rd Medina, OH 44256-2341

1,998 SF 0.51 ac lot Built 1900
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-2190800
Property summary
AI-generated overview

This exceptional mixed-use property at 665 Lafayette Rd, Medina, OH 44256, presents a unique investment opportunity. The 2,934 square foot building, constructed in 1900 and renovated in 1999, sits on a 0.51-acre lot and boasts a C-1 zoning designation. The property includes a thriving restaurant/bar (Diner 42 Tavern & Grill, home of the Medina Salsa Company) occupying 1,062 square feet on the first floor. Upstairs, a charming 936 square foot, two-unit apartment offers additional income potential. The apartment features three bedrooms and one bathroom. The property also features an attractive outdoor space, including an enclosed porch, open porch, large wood deck, volleyball court, and an artificial turf area for games. All restaurant furniture, fixtures, and equipment are included in the sale. The property enjoys high visibility on State Route 42 near the main circle, benefiting from an average daily traffic count of 10,420 vehicles. This location provides excellent exposure and proximity to the local industrial park and fairgrounds. The asking price is $348,000, representing a price per square foot of $118.61 based on the 1,998 square feet of net rentable space. This turnkey operation offers immediate income and significant upside potential in Medina's vibrant commercial landscape. The property's versatile amenities and established customer base make it an ideal investment for both seasoned and aspiring entrepreneurs. The APN is 028-19C-09-015.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction WOOD
Total area 1,998 SF
Lot 0.51 ac (22,216 SF)
APN 028-19C-09-015
UPID US66-2190800
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
Current use
Occupant on record · Public records
  • Diner 42 Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ibc Bars LLC · 8 yrs held
Ibc Bars LLC
since 2017
1 recorded transaction
2017
$80,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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