7697 Harbor RdMarblehead, OH 43440

Property Details for 7697 Harbor Rd

Year built

1952

Construction

CONCRETE BLOCKS

Lot size

0.26 AC

Property size (Sq ft)

4,160 SF

Property type

Retail properties

Property subtype

Retail space

APN

014-11741-15702-000

APU

141174115702000

Description

This exceptional business opportunity presents a thriving, family-owned establishment situated on a prominent corner lot in Marblehead, Ohio, along a busy highway. The current owners have meticulously updated nearly all fixtures and equipment, including the recent addition of a fully functional commercial pizza kitchen. This turnkey operation boasts excellent cash flow, providing a seamless transition for a new owner. While some vendor-owned equipment is not included in the sale, the vast majority of assets are ready for immediate use. The sale includes the transfer of valuable Ohio liquor permits (C1 & C2), an Ohio Cigarette license, and a lottery license, ensuring a comprehensive and established business model. The current owners are willing to assist with the transition process, providing invaluable support and continuity. Furthermore, the existing staff expresses a strong desire to remain with the business, offering a stable and experienced workforce. This is a well-established, year-round business that has demonstrated significant exponential growth over the past several years, making it an attractive investment with substantial potential for continued success. The property sits on a 0.26-acre lot. The asking price is $599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,100,124

  6.5%

  $1,015,499

  7%

  $942,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $980,598

  Geo Method

  $980,598

• Alternative Use

  Use

  Valuation

  Residential

  $856,611

  Hospitality

  $784,652

  Educational

  $652,821

  Medical

  $675,272

  Retail

  $1,015,499

Location Insight

City

Lakeside Marblehead

County

Ottawa

State

Ohio

Latitude

41.5316

Longitude

-82.7871

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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