1117 Wertz AveCanton, OH 44708

Property Details for 1117 Wertz Ave

Year built

1970

Construction

BRICK

Lot size

0.35 AC

Property size (Sq ft)

3,000 SF

Property type

Bars

Property subtype

Pubs

APN

10-014538

APU

10014538

Description

This turnkey restaurant opportunity in Canton, Ohio, presents a unique chance to acquire a thriving neighborhood bar. Located just one mile from the Pro Football Hall of Fame, this 3,327 square foot, single-story establishment sits on a 0.371-acre lot (APN 10014538) and is zoned B-3. The property, built in 1966, boasts a recently renovated interior featuring a large horseshoe bar seating 22, a newer 8-tap Perlick glycol draft system, a walk-in cooler, ice machine, stainless steel sinks and prep tables, six TVs with a 1000-watt professional sound system and six speakers. Additional features include a spacious seating area, dance floor, stage, four booths, a darts area, a sizeable kitchen, two handicap-accessible restrooms, and a private staff restroom. Custom built-in features include a drink ledge, large barback liquor shelving with LED lighting, and wrap-around framed mirrors. The bar's décor incorporates new and vintage signs and mirrors. A private fenced-in patio with a gazebo offers additional outdoor seating and entertainment space. Ample parking is available. Recent updates include a new gas furnace, water heater, electrical system, and backflow preventer. The sale includes D-1, D-2, D-3 liquor licenses and a food license. This fully equipped establishment is ideally positioned to capitalize on the 2024 Hall of Fame festivities. The asking price is $249,000.

• CAP approach

  CAP return

  Valuation

  6%

  $838,681

  6.5%

  $774,167

  7%

  $718,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $707,162

  Geo Method

  $707,162

• Alternative Use

  Use

  Valuation

  Residential

  $653,039

  Hospitality

  $598,180

  Educational

  $497,679

  Medical

  $514,795

  Retail

  $774,167

Location Insight

City

Canton

County

Stark

State

Ohio

Latitude

40.8093

Longitude

-81.4074

CBSA code

15940

CBSA name

CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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