1313 Main StKent, OH 44240

Property Details for 1313 Main St

Year built

1948

Lot size

0.81 AC

Property size (Sq ft)

5,879 SF

Property type

Turn key restaurants

APN

17-027-10-00-010-002

APU

170271000010002

Description

This exceptional Kent, OH, property presents a lucrative investment opportunity. Located at 1313 W Main Street, this well-established restaurant and bar, known as The Bistro On Main, boasts a substantial 5,879 square feet of space on a 0.75-acre lot. The property has been under the same ownership for 19 years, demonstrating its enduring success and strong customer base. The spacious layout includes a remodeled bar with seating for 22 patrons, a lounge area accommodating 58 guests, a main dining room with seating for 68, and a three-season room with seating for an additional 26. A significant asset is the recently added patio, completed in 2016, which expands the seating capacity and outdoor dining options. Adding to the income potential, a separate apartment above the bar generates a monthly rental income of $2200. The sale includes both the building and the thriving business, offering a turnkey operation with established clientele and proven profitability. This is a rare chance to acquire a turnkey restaurant and bar with significant income potential in a desirable Kent location. The property is priced at $1,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,643,536

  6.5%

  $1,517,110

  7%

  $1,408,745

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,385,803

  Geo Method

  $1,385,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,279,739

  Hospitality

  $1,172,234

  Educational

  $975,285

  Medical

  $1,008,826

  Retail

  $1,517,110

Location Insight

City

Kent

County

Portage

State

Ohio

Latitude

41.1532

Longitude

-81.3907

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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