1313 Main StKent, OH 44240
- Retail properties
- 5,879 SF
Property Details for 1313 Main St
- Year built
- 1948
- Lot size
- 0.81 AC
- Property size (Sq ft)
- 5,879 SF
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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