547 Cadiz Rd

547 Cadiz Rd , Wintersville, Ohio, 43953 | 20,000 sq.f | $ 1,250,000

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About This Restaurant

Investment Highlights

This commercial property in Wintersville, Ohio, offers numerous possibilities for investors and entrepreneurs. The property also includes a loading dock and indoor dock, ample storage, a well-equipped bar and kitchen, and spacious seating area. The property also has potential for expansion, with the banquet room area potentially dividing from the main restaurant space. The building is available for purchase at $1,250,000, or both the building and the fully operational restaurant for $1,700,000. Great rental income opportunity in the heart of Wintersville.

Executive Summary

Welcome to 547 Cadiz Rd, Wintersville, OH 43953 - A Remarkable Commercial Property with Endless PossibilitiesThis exceptional property presents a fantastic opportunity for investors and entrepreneurs looking to acquire a prime commercial space in Wintersville, Ohio. With its strategic location, versatile features, and the option to purchase a fully operational restaurant with the building, this property offers immense potential for a variety of business ventures.Property Highlights:? Building Price: The building is available for purchase at $1,250,000.00. Alternatively, the potential buyer has the option to acquire both the building and the completely operational restaurant for $1,700,000.00, providing a turnkey business opportunity.? Lease Option: If the restaurant is not purchased with the building, the current restaurant owner is open to leasing the existing space, offering flexibility for the new building owner.? Loading Dock and Indoor Dock: The property includes a convenient 16ft tall loading dock door, along with a spacious 52' by 26' indoor dock, facilitating efficient shipping and receiving operations.? Ample Storage: With a large walk-in freezer and a 22' by 23' cool storage room cooler, this property provides ample space for storing perishable goods and supplies.? Well-Equipped Bar and Kitchens: The fully equipped U-shaped bar, 32' by 23' prep kitchen, and nicely equipped 28' by 18' cooking kitchen offer the perfect setup for a restaurant, cafeteria, or bar operation.? Spacious Seating Area: The restaurant features a generous seating area measuring 59' x 67', providing ample space for accommodating guests and creating a welcoming atmosphere.? Rental Income Opportunity: The property includes a space connected to the building facing Talbott Rd, currently leased by Jefferson Court, ensuring a steady rental income stream for the new owner.? Potential for Expansion: There is potential to divide the 51' by 54' banquet room area from the main restaurant space, creating an additional rental income opportunity or allowing for further customization to suit specific business needs.Additional Property Details:? Calculated Parcel Sq Ft: 23,312? Building Footprint Square Feet: 12,648This remarkable property at 547 Cadiz Rd offers incredible value and numerous possibilities for investors and business owners alike. Whether you are looking to establish a new venture or expand your existing portfolio, this property is a prime opportunity not to be missed. Explore the potential and secure your place in Wintersville's thriving commercial landscape.

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    20,000
  • Building Class    C
  • Year Built    1977
  • Price    1,250,000
  • Price Per SF    63
  • Percent Leased    100
  • Building Height    1 Story
  • Loading Docks    1 Exterior
  • Building FAR    0.24
  • Land Acres    1.88 AC

Amenities

  • Corner Lot
  • Restaurant
  • Tenant Controlled HVAC
  • Storage Space
  • Air Conditioning

Property Taxes

Parcel Number 03-02664-000 03-02663-000 03-01666-000 Improvements Assessment $54,814
Land Assessment $215,709 Total Assessment $270,523
Date Created: 2024-07-16 04:18:04 Last Updated: 2024-07-16 04:18:04
Address: 547 Cadiz Rd , Wintersville, Ohio, 43953