7511 Lafayette Rd, Lodi, OH 44254-9735
- Turn key restaurants
- 2,600 SF
- 1.59 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 7511 Lafayette Rd
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 1.59 lot acres
- Property type
- Turn key restaurants
- APN
- 020-10C-31-013
- APU
- 02010C31013
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 12, 2020 | — | Robin L Robinson Kilo | — | Deed · related | $161k · Wayne Savings Community Bank |
| Jul 13, 2020 | — | Ronald L Mellott | Emj Dev INC | Quit Claim Deed · related | — |
| Jul 13, 2020 | $87,500 | Robin L Robinson Kilo | Ronald Lee Mellott | Warranty Deed | $150k · Wayne Savings Community Bank |
| Aug 18, 2016 | — | Ronald L Mellott | — | Deed · related | $289k · Wayne Svgs Cmnty Bk |
| Feb 22, 2013 | $80,000 | Ronald Lee Mellott | Wayne Bredenbeck INC By Wayne | Grant Deed | — |
| Apr 8, 2004 | $150,000 | 803 INC | Wayne Bredenbeck INC | Grant Deed | $150k · Wayne Bredenbeck INC |
| — | — | Emj Dev | — | Deed Of Trust · related | — |
| — | — | Ronald L Mellott | — | Deed Of Trust · related | $289k · Wayne Svgs Cmnty Bk |
Description
This exceptional mixed-use property in Lodi, Ohio, presents a unique investment opportunity. Located on a spacious 1.59-acre lot at 7511 Lafayette Rd, this 4,320 square foot building boasts a fully equipped restaurant and a 2-bedroom, 1-bathroom apartment. Previously operated as a restaurant from 2016-2022, the commercial space includes all contents: two walk-in coolers, a full bar, kitchen equipment, seating, and patio furniture. Significant recent upgrades enhance its appeal: a new gas line (2022), new furnace and electrical system (2022) for the restaurant, and a new commercial septic system (2022). Further improvements include newer windows, siding, roof, and well (2016-2019). The property is handicap accessible and zoned for restaurant/bar use. The asking price is $189,900, translating to $43.96 per square foot. With ample parking for 50 vehicles, this Class C building, constructed in 1948 and renovated in 2016, offers significant potential for a variety of uses. The property is being sold "as is." This is a rare chance to acquire a turn-key operation with substantial recent investments in a desirable Medina County location. The property is currently vacant.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lodi
- County
- Medina
- State
- Ohio
- Longitude
- -81.9672
- Latitude
- 41.068
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
