3005 Bardshar RdSandusky, OH 44870

Property Details for 3005 Bardshar Rd

Year built

1950

Lot size

1.53 AC

Property size (Sq ft)

4,864 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

33-00468-003

APU

3300468003

Description

This exceptional investment opportunity encompasses a thriving business and substantial real estate holdings. Located conveniently between Sandusky and Castalia, Ohio, this property sits on a spacious 1.53-acre lot, just minutes from Route 2, ensuring excellent accessibility and visibility. The property includes two distinct, yet complementary, businesses: a fully remodeled Bedrock Tavern and a three-bedroom, two-bathroom Airbnb. The tavern offers a turnkey operation, ready for immediate income generation. The Airbnb provides additional revenue streams and potential for expansion. The property also boasts four garage spaces, offering ample storage or potential for additional development. The entire property has undergone a complete remodel, presenting a modern and attractive space for both businesses. This unique offering allows for the acquisition of both the established businesses and the underlying real estate, providing a significant return on investment. The combination of a well-established tavern and a profitable Airbnb, situated on a large parcel of land, presents a rare opportunity for a savvy investor seeking a diverse and lucrative portfolio addition. This is a chance to own the business, the bar, the building, and the land – a truly comprehensive and turnkey investment. The property's prime location and the current success of both businesses make this a highly desirable and potentially very profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,286,299

  6.5%

  $1,187,353

  7%

  $1,102,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,146,546

  Geo Method

  $1,146,546

• Alternative Use

  Use

  Valuation

  Residential

  $1,001,576

  Hospitality

  $917,439

  Educational

  $763,298

  Medical

  $789,549

  Retail

  $1,187,353

Location Insight

City

Sandusky

County

Erie

State

Ohio

Latitude

41.4069

Longitude

-82.7719

CBSA code

41780

CBSA name

SANDUSKY, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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