For Sale
$348,000

665 Lafayette RdMedina, OH 44256

Prime Medina location, dual income streams.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $348,000 asking price for a mixed-use property.
  • 2,934 square feet total, with 1,998 square feet net rentable.
  • Located at 665 Lafayette Rd, Medina, OH 44256, on a 0.51-acre lot (APN: 028-19C-09-015).
  • Features a restaurant/bar (1,062 sq ft) and a 3-bedroom, 1-bathroom apartment (936 sq ft).
  • Built in 1900, renovated in 1999, with C-1 zoning.
  • Includes all restaurant FF&E.

Property Details for 665 Lafayette Rd

Property type
Mixed-use properties
Square Feet
2,934 SF
Class
C
Year Built/Renovated
1900/1999
Buildings
1
Stories
2
Lot Size (sq. ft)
22,216 SF
Units
2

Location Insight

City
Medina
County
Medina
State
Ohio
Latitude
41.1302757
Longitude
-81.8770031
665 Lafayette Rd, Medina, Ohio

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665 Lafayette Rd
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