2521 Waynesburg DrCanton, OH 44707

  • Retail properties
  • 3,430 SF
For Sale
$449,900 View listing

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
2521 Waynesburg Dr, Canton, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,724
$4,450
$17,570
$22,020
-
$12,700
$50,200
$62,900

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