324 Delaware St - Restaurant FOR SALE


Put In Bay, OH 43456
$6,900,000 USD
216-695-6356
324 Delaware St, Put In Bay, OH for Sale
$6,900,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

324 Delaware St
Put In Bay, OH 43456


HIGHLIGHTS

  • A unique opportunity to reimagine and revitalize the potential of this property while adding to the island’s history and character
  • Located on South Bass Island which welcomes 850,000 tourists each year
  • The “Vacationland” area in Erie & Ottawa Counties, which includes Put-In-Bay, recorded 13 million visitors & over $3 billion in tourism sales in 2023
  • Accessible by the Miller Ferry from Catawba Island, the Jet Express from Port Clinton, or island airlines.
  • Includes Beer Barrel Saloon, Tippers Lounge & Restaurant, and the Island Beverage Store.

OVERVIEW

THE ULTIMATE PUT-IN-BAY ENTERTAINMENT COMPLEX, a legacy of the historic Colonial, offers a unique and iconic destination for tourists and locals alike. The Beer Barrel Saloon featuring Guinness Book of World Records Longest Bar, Tippers Restaurant, and Island Beverage Store, provides live entertainment, food, and beverages to the island. With a liquor store, gift shop, and year-round operation, this complex is a proven investment opportunity with a rich history. BEER BARREL SALOON Home of the World’s Longest Bar, The Beer Barrel Saloon is one of Put-in-Bay’s most popular attractions providing a lively, friendly atmosphere and top-notch entertainment attractions. The 405-foot bar features an amazing 56 beer taps and 160 bar stools, offering ample space for visitors to enjoy drinks and delicious food. The Beer Barrel hosts live entertainment from April to October and is a favorite spot for tourists and island locals alike. TIPPERS LOUNGE & RESTAURANT Located adjacent to Beer Barrel Saloon, Tipper’s is the perfect destination for a delicious meal on the island. Serving up surf and turf in a welcoming environment, Tipper’s is a popular spot offering daily specials and happy hour. This restaurant boasts 5,676 SF of dining and bar area and includes a massive 1,500 SF kitchen. ISLAND BEVERAGE STORE The Island Beverage Store is PIB’s one-stop shop for the locals and visitors beverage and snack needs and operates year-round. Located in the heart of the island, just a short stroll from Jose De Rivera Park and the City Boat Docks, it is the perfect pit stop for boaters and visitors alike. This store is the go-to place for liquor, beer, wine, other beverages and snacks on the island.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$269 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant, Bar, & Beverage Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

C-2

APN/PARCEL ID

025-0563707367000

ASK ABOUT THIS PROPERTY

Mike PetriganCBRE, Inc.More Info
216-695-6356

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Mike PetriganCBRE, Inc.More Info
216-695-6356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.