205 2Nd StBarberton, OH 44203

Property Details for 205 2Nd St

Year built

1923

Lot size

0.11 AC

Property size (Sq ft)

1,952 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01-01298

APU

101298

Description

This charming and well-established restaurant located at 205 2nd Street NW in Barberton, Ohio, presents a unique turnkey opportunity for a new owner. Boasting a loyal customer base and a reputation for delicious food and friendly service, this business is ready to continue its success under new management. The current owners are retiring and are willing to assist with a smooth transition, ensuring a seamless handover of operations. The building itself sits on a 0.11-acre lot and includes all necessary equipment for immediate operation. This includes three freezers, a sterilizer, an ice machine, a grill, and all other essential restaurant equipment. Recent upgrades significantly enhance the property's value and operational efficiency. These improvements include a new hot water tank (2023), a rooftop furnace (2023), a furnace and A/C unit (2022), a replumbed kitchen (2024), and a new grease trap (2024). The sale includes both the business and the building, offering a complete package for a prospective buyer. This is a rare chance to acquire a thriving, well-loved restaurant in a desirable downtown location. The asking price for this exceptional opportunity is $249,900.

• CAP approach

  CAP return

  Valuation

  6%

  $545,702

  6.5%

  $503,725

  7%

  $467,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $460,127

  Geo Method

  $460,127

• Alternative Use

  Use

  Valuation

  Residential

  $424,911

  Hospitality

  $389,216

  Educational

  $323,823

  Medical

  $334,960

  Retail

  $503,725

Location Insight

City

Barberton

County

Summit

State

Ohio

Latitude

41.0162

Longitude

-81.6072

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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