205 Tuscarawas AveDover, OH 44622

Property Details for 205 Tuscarawas Ave

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

1,152 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

15-01491.000

APU

1501491000

Description

This thriving Dover, OH bar and restaurant, located at 205 N Tuscarawas Avenue, presents a unique turnkey opportunity. Boasting 2,304 square feet on a 0.06-acre lot, this well-maintained establishment includes all equipment (appraised at over $55,000, excluding TVs and sound system) for an asking price of $305,000. The property features a D-5 and D-6 liquor license with Sunday sales, and has undergone significant renovations in the last 10 years. These improvements encompass a new bar top and stools, real oak floors, four updated bathrooms, a walk-in beer cooler, an ice maker, a floor-to-ceiling cigar humidor, upgraded lighting, and six indoor and one outdoor TV, along with a Bose sound system. Security is ensured with an alarm system and video surveillance. The business also offers Ohio Lottery and Keno, and a Queen of Hearts hopper. A second-floor wine room, perfect for private events, features new tables, chairs, windows, and a hammered copper table top. The updated kitchen is equipped with three air fryers, a flat-top grill, one refrigerator, two upright freezers, a rooftop exhaust fan, and a dumbwaiter. Outdoor amenities include a rear patio with a vinyl fence, a second-floor deck, and a heated floor area for comfortable outdoor seating, complete with a TV and space for live music. Various outdoor games are also available. The basement includes new stairs, two hot water tanks, a furnace, central air, a pop station, and a washer and dryer. Utilities include Dover electric, water, sewer, and trash, along with Dominion gas and Spectrum internet and Wi-Fi. The seller is open to a Lease with Option to Purchase for a qualified buyer. Showings are by appointment only during non-business hours (currently open Mondays, Wednesdays, and Fridays from 4:00 PM until closing).

• CAP approach

  CAP return

  Valuation

  6%

  $322,054

  6.5%

  $297,280

  7%

  $276,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,550

  Geo Method

  $271,550

• Alternative Use

  Use

  Valuation

  Residential

  $250,767

  Hospitality

  $229,701

  Educational

  $191,109

  Medical

  $197,681

  Retail

  $297,280

Location Insight

City

Dover

County

Tuscarawas

State

Ohio

Latitude

40.5196

Longitude

-81.4782

CBSA code

35420

CBSA name

NEW PHILADELPHIA-DOVER, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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