9 Main StGreenwich, OH 44837

Property Details for 9 Main St

Year built

1903

Lot size

0.06 AC

Property size (Sq ft)

1,421 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

16-042C-02-044-0000

APU

16042C020440000

Description

This unique 1903 flatiron building in Greenwich, Ohio, presents an exceptional investment opportunity. The main level houses a thriving, turnkey diner complete with all equipment, decor, established menu, strong social media presence, and secret recipes. This popular diner boasts a 30-seat capacity, utilizes Ohio high school gym floor tables and countertops, and enjoys a lack of local competition. It has even been featured on a local morning television cooking show. The diner is located on a major highway, ensuring high visibility and accessibility. Upstairs, a beautifully restored two-bedroom apartment offers versatile potential. This space could be used as additional dining space, for special events, a chef's suite, for rental income, or even converted into a bed and breakfast. The possibilities are truly endless, with potential uses including retail, a tavern, an online food ordering facility, or even a dispensary. The building sits on a 0.06-acre lot and includes a classic bank vault, adding to its historical charm and character. This property offers a rare blend of established business and significant redevelopment potential in a charming Midwestern town. The combination of a successful diner and a spacious upper-level apartment makes this a truly one-of-a-kind investment opportunity. Don't miss out on this chance to own a piece of history and build upon its existing success. The asking price is $387,000.

• CAP approach

  CAP return

  Valuation

  6%

  $393,440

  6.5%

  $363,175

  7%

  $337,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,959

  Geo Method

  $334,959

• Alternative Use

  Use

  Valuation

  Residential

  $306,352

  Hospitality

  $280,617

  Educational

  $233,470

  Medical

  $241,499

  Retail

  $363,175

Location Insight

City

Greenwich

County

Huron

State

Ohio

Latitude

41.03

Longitude

-82.5179

CBSA code

35940

CBSA name

NORWALK, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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