130 Lyman StWadsworth, OH 44281

Property Details for 130 Lyman St

Year built

1978

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

9,124 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

040-20D-03-030

APU

04020D03030

Description

This exceptional, fully renovated, free-standing restaurant and bar is located in the heart of Wadsworth, Ohio's central business district. The 9,124 square foot building, constructed in 1978 and extensively renovated in 2021, boasts a first-floor full-service restaurant and bar with a partially finished 5,698 square foot lower level offering versatile space. The property includes all furniture, fixtures, and equipment (FF&E), inventory, and liquor licenses (D1, D2, D3, D6), making this a true turnkey operation. Significant upgrades include a new commercial kitchen with an 18-foot hood system and walk-in coolers/freezers, a bar with 15-20 taps, a new point-of-sale (POS) system, upgraded electrical service (240/480 Volt, 3-phase), new plumbing, hot water heaters, and a 2,000-gallon grease interceptor. The building is fully sprinklered and features two new 12-ton RTUs. Security is enhanced by a system with 16 indoor and outdoor cameras. Ample parking is available with 15 dedicated spaces and access to nearly 400 public spaces, including over 100 directly behind the building. The property has a 684-person occupancy (429 first floor

• CAP approach

  CAP return

  Valuation

  6%

  $2,550,709

  6.5%

  $2,354,500

  7%

  $2,186,322

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,150,716

  Geo Method

  $2,150,716

• Alternative Use

  Use

  Valuation

  Residential

  $1,986,109

  Hospitality

  $1,819,266

  Educational

  $1,513,608

  Medical

  $1,565,663

  Retail

  $2,354,500

Location Insight

City

Wadsworth

County

Medina

State

Ohio

Latitude

41.0246

Longitude

-81.7281

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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