124 Main StCadiz, OH 43907

Property Details for 124 Main St

Year built

1880

Construction

BRICK

Property size (Sq ft)

2,838 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

05-0001954.000

APU

50001954000

Description

This exceptional mixed-use property at 124 S Main Street, Cadiz, OH, presents a unique investment opportunity. The main level houses a thriving, fully operational restaurant, beautifully remodeled in 2019 and featuring custom Amish-made booths. This established business boasts a strong reputation, a spacious dining area, and an active online presence, ensuring immediate income generation for the new owner. The sale includes all business assets, allowing for a seamless transition. Upstairs, three potential apartment units await development. This significant expansion opportunity includes five existing fireplaces and some original building materials, streamlining the renovation process. Converting these spaces into rental units will generate substantial additional income. The building sits on a 0.08-acre lot and offers a total of 3,384 square feet. Located in the heart of downtown Cadiz, this property benefits from high visibility and foot traffic. The combination of a successful restaurant and the potential for lucrative apartment rentals makes this an ideal investment for both experienced restaurant owners and real estate investors seeking a diversified portfolio. This turnkey business with significant upside potential is priced at $385,000. Don't miss this chance to acquire a valuable asset with immediate and long-term income streams.

• CAP approach

  CAP return

  Valuation

  6%

  $793,392

  6.5%

  $732,362

  7%

  $680,051

• Comparable approach

  Method

  Valuation

  Relative Method

  $668,976

  Geo Method

  $668,976

• Alternative Use

  Use

  Valuation

  Residential

  $617,775

  Hospitality

  $565,878

  Educational

  $470,804

  Medical

  $486,996

  Retail

  $732,362

Location Insight

City

Cadiz

County

Harrison

State

Ohio

Latitude

40.2723

Longitude

-80.9973

Property Tax & Assessments

FAQs

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