235 Waterloo RdAkron, OH 44301

Property Details for 235 Waterloo Rd

Year built

1955

Construction

FRAME

Lot size

0.10 AC

Property size (Sq ft)

2,632 SF

Property type

Parking lots & garages

APN

68-40851

APU

6840851

Description

This thriving Akron restaurant presents a unique investment opportunity. The 2,896 square foot, single-story building, constructed in 1955, sits on a 0.292-acre lot and boasts approximately 52 parking spaces. Currently operating as a breakfast and lunch establishment, the business is open Sunday from 8 am to 2 pm and Monday through Saturday from 7 am to 2 pm. The main floor encompasses 1,448 square feet with seating for 50 patrons. A walk-out lower level provides ample storage and an office. The property is zoned U-3 and features a single tenancy. The restaurant closed on October 15, 2023, presenting a turnkey operation for a new owner. The asking price is $450,000. The property includes three APNs: 6840849, 6840851, and 6840852. This established business offers immediate income potential in a desirable Akron location. The sale includes all existing fixtures and equipment. This is an exceptional opportunity for an experienced restaurateur or investor seeking a profitable, established business.

• CAP approach

  CAP return

  Valuation

  6%

  $735,803

  6.5%

  $679,203

  7%

  $630,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $620,417

  Geo Method

  $620,417

• Alternative Use

  Use

  Valuation

  Residential

  $572,933

  Hospitality

  $524,803

  Educational

  $436,630

  Medical

  $451,647

  Retail

  $679,203

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0291

Longitude

-81.5183

CBSA code

10420

CBSA name

AKRON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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