71 5Th StBarberton, OH 44203

Property Details for 71 5Th St

Year built

1972

Lot size

0.96 AC

Property size (Sq ft)

5,355 SF

Property type

Turn key restaurants

APN

01-00614

APU

100614

Description

This exceptional commercial property presents a rare opportunity to acquire a thriving, established Mexican restaurant in a high-traffic location at 71 5th SE, Barberton, OH. The property boasts a substantial 5,355 square foot building situated on a 0.96-acre lot, providing ample space for the restaurant's operations and over 50 parking spaces. The restaurant itself enjoys a strong reputation, evidenced by over 206 Google reviews with an average rating of 4.5 stars. This turnkey operation includes all necessary equipment, inventory, and a valuable D4 liquor license. The current owners have successfully operated the restaurant for years, maintaining profitability even amidst the challenges of the recent pandemic, demonstrating the business's resilience and strong customer base. The sale includes the real estate, the established business (including recipes, menu, marketing materials, and customer data), and all existing assets. This is a unique chance to step into a profitable, well-regarded business with significant growth potential in a vibrant community. The asking price for this exceptional package is $1,000,000. Don't miss this once-in-a-generation opportunity to own a successful, established restaurant and prime commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $1,497,046

  6.5%

  $1,381,888

  7%

  $1,283,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,262,285

  Geo Method

  $1,262,285

• Alternative Use

  Use

  Valuation

  Residential

  $1,165,675

  Hospitality

  $1,067,752

  Educational

  $888,357

  Medical

  $918,909

  Retail

  $1,381,888

Location Insight

City

Barberton

County

Summit

State

Ohio

Latitude

41.0082

Longitude

-81.5893

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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