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
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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