2242 Greenville RdCortland, OH 44410

Property Details for 2242 Greenville Rd

Year built

1969

Construction

CONCRETE

Lot size

2.23 AC

Property size (Sq ft)

2,948 SF

Property type

Retail properties

Property subtype

Bars

APN

35-057910

APU

35057910

Description

This thriving restaurant located at 2242 Greenville Rd NE, Cortland, OH 44410 presents a unique investment opportunity. The 2,948 square foot single-story building sits on a 2.2-acre lot and boasts a 100% occupancy rate. Originally built in 1967, the property underwent a complete renovation in 2023, including a new roof. The sale includes the real estate, the established business, and all equipment, making this a truly turnkey operation. The property holds a D5/D6 liquor license, ensuring a smooth transition for the new owner. The seller is offering comprehensive training to ensure a seamless handover. This prime location near Mosquito Lake offers significant potential for continued success. The asking price is $398,000, translating to $135.01 per square foot. This is a rare chance to acquire a fully operational and profitable restaurant in a desirable location. The zoning information is not available.

• CAP approach

  CAP return

  Valuation

  6%

  $824,144

  6.5%

  $760,748

  7%

  $706,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $694,905

  Geo Method

  $694,905

• Alternative Use

  Use

  Valuation

  Residential

  $641,720

  Hospitality

  $587,812

  Educational

  $489,052

  Medical

  $505,872

  Retail

  $760,748

Location Insight

City

Cortland

County

Trumbull

State

Ohio

Latitude

41.389

Longitude

-80.7385

CBSA code

49660

CBSA name

YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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