2521 Waynesburg DrCanton, OH 44707
- Retail properties
- 3,430 SF
Property Details for 2521 Waynesburg Dr
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 1.42 AC
- Property size (Sq ft)
- 3,430 SF
- Property type
- Retail properties
- Property subtype
- Bars
- APN
- 13-12496
- APU
- 1312496
Description
This exceptional turnkey business opportunity encompasses a thriving bar and restaurant, the Thirsty Cattle Saloon, situated on a highly visible 1.42-acre lot along busy Route 43 (Waynesburg Drive) in Canton, Ohio. The 3,430 square foot building boasts a recently remodeled interior, including a fully equipped kitchen added during the renovation. The interior seating area has been expanded, and an outdoor smoking patio, now enclosed, comfortably accommodates over 30 patrons. Ample parking is available, with recent additions providing space for approximately 40 vehicles. The property features a convenient drive-thru window, further enhancing its operational efficiency. Included in the sale are all real estate, business assets, inventory, and three liquor licenses (D1, D2, and D3), along with all equipment. Significant improvements have been made in recent years, including a roof replacement in 2016, connection to public sewer, and the installation of an in-ground grease trap to support the expanded kitchen facilities. The property also benefits from prominent signage. The Thirsty Cattle Saloon enjoys a strong reputation within the community, regularly hosting successful poker runs and fundraising events, demonstrating its established customer base and potential for continued growth. This is a rare opportunity to acquire a well-established and profitable business with significant upside potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $958,892
- 6.5%
- $885,131
- 7%
- $821,908
-
Comparable approach
- Method
- Valuation
- Relative Method
- $808,522
- Geo Method
- $808,522
-
Alternative Use
- Use
- Valuation
- Residential
- $746,641
- Hospitality
- $683,919
- Educational
- $569,013
- Medical
- $588,582
- Retail
- $885,131
Location Insight
- City
- Canton
- County
- Stark
- State
- Ohio
- Latitude
- 40.7683
- Longitude
- -81.3382
- CBSA code
- 15940
- CBSA name
- CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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