255 Riverside DrTiffin, OH 44883

Property Details for 255 Riverside Dr

Year built

1900

Construction

FRAME

Lot size

5.19 AC

Property size (Sq ft)

16,718 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

Q53011047880000

APU

Q53011047880000

Description

This exceptional investment opportunity presents a historic, three-story restaurant and event space in Tiffin, Ohio. The property, located at 255 Riverside Dr, boasts a substantial 16,718 square feet of space, perfectly suited for a full-service restaurant and event venue. The building sits on a large 225,862 square foot lot and includes 110 parking spaces, ensuring ample room for patrons and staff. Currently operating at 100% occupancy, this established business benefits from its prime location and stunning riverfront views. A spacious outdoor deck with a full bar enhances the property's appeal. The property is zoned (430) C Restaurant, Cafeteria, and/or Bar, allowing for a variety of uses. Further adding to its value, this building is registered as a historical landmark. Financial information is available upon request with the signing of a non-disclosure agreement. This is a rare chance to acquire a thriving business in a desirable location with significant potential for growth. The property's size, location, and historical significance make it a truly unique and attractive investment. The asking price is $1,200,000. The APN is Q53011047880000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,874,679

  6.5%

  $3,576,626

  7%

  $3,321,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,940,780

  Geo Method

  $3,940,780

• Alternative Use

  Use

  Valuation

  Residential

  $3,017,018

  Hospitality

  $2,763,572

  Educational

  $2,299,260

  Medical

  $2,378,335

  Retail

  $3,576,626

Location Insight

City

Tiffin

County

Seneca

State

Ohio

Latitude

41.1237

Longitude

-83.1703

CBSA code

45660

CBSA name

TIFFIN, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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