1708 Perry StPort Clinton, OH 43452

Property Details for 1708 Perry St

Year built

1947

Construction

CONCRETE BLOCKS

Lot size

0.44 AC

Property size (Sq ft)

3,795 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

021-16704-22553-000

APU

211670422553000

Description

This exceptional commercial property, located at 1708 E Perry Street in Port Clinton, Ohio, presents a unique investment opportunity. The property, encompassing 3,680 square feet on a 0.435-acre lot, is currently configured as the well-known Phil's Inn Restaurant and Bar. The sale includes existing restaurant equipment and a valuable D5 and D6 liquor license (transfer subject to approval). The main restaurant and bar area occupies approximately 2400 square feet, complemented by a 1200 square foot kitchen and storage area. The property previously featured an outdoor dining area, offering further expansion potential. The property's prime location in Port Clinton, Ohio, adjacent to several hotels, ensures high visibility and convenient access. Ample parking is available on-site. Food recipes are available for separate purchase from the current owner. This is an excellent opportunity to acquire a well-established business and property, ideally positioned to capitalize on the upcoming tourist season. The property is zoned for commercial use and is ready for immediate occupancy. The asking price is $230,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,599

  6.5%

  $926,399

  7%

  $860,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $894,560

  Geo Method

  $894,560

• Alternative Use

  Use

  Valuation

  Residential

  $781,452

  Hospitality

  $715,806

  Educational

  $595,542

  Medical

  $616,024

  Retail

  $926,399

Location Insight

City

Port Clinton

County

Ottawa

State

Ohio

Latitude

41.5139

Longitude

-82.918

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].