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

Retail properties

Property subtype

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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