4629 130Th StCleveland, OH 44135

Property Details for 4629 130Th St

Year built

1952

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

2,400 SF

Zone code

GR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

020-12-015

APU

2012015

Description

This exceptional opportunity presents a fully operational bar and grill, previously operating as the Meet and Greet Bar and Grill, available for purchase at $350,000. The sale includes all necessary licenses for liquor and food service, allowing for extended sales on the enclosed patio, carryout, liquor service until 2 AM, and Sunday sales. All equipment is included in the sale, representing a true turnkey operation. Features include 8-10 televisions, a pool table, and an initial liquor inventory. The property boasts new flooring (installed recently), a 2021 furnace, and a 2020 hot water tank. Security is provided by an ADT system with cameras. The kitchen is fully equipped with a gas stove, commercial deep fryer, ample food preparation and storage space, a freezer, refrigerator, ice maker, and chest cooler. The bar area includes bar seating, a dance floor, and private seating areas. Customer restrooms have been updated, and there is a separate office with a private bath. The property also features a convenient open foyer area suitable for a hostess or security station. A jukebox and speaker system are currently under a monthly contract, which the new owner may choose to continue or terminate. The 0.26-acre lot provides ample parking at the side and rear of the building. This well-established business enjoys a prime location, close to the site of the new Browns stadium, offering significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $634,687

  6.5%

  $585,865

  7%

  $544,017

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,730

  Geo Method

  $565,730

• Alternative Use

  Use

  Valuation

  Residential

  $494,199

  Hospitality

  $452,684

  Educational

  $376,627

  Medical

  $389,580

  Retail

  $585,865

Location Insight

City

Cleveland

County

Cuyahoga

State

Ohio

Latitude

41.4281

Longitude

-81.7797

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, 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].