37000-37040 Detroit Rd - Restaurant FOR SALE


Avon, OH 44011
$1,675,000 USD
216-695-6356
37000-37040 Detroit Rd, Avon, OH for Sale
$1,675,000 USD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

37000-37040 Detroit Rd
Avon, OH 44011


HIGHLIGHTS

  • Prominent 200' of frontage on Detroit Rd/SR 254.
  • Excellently located in Avon's French Creek District.
  • Highly visible corner lot at signalized intersection.
  • Equipped with fire, theft, and motion alarm system.

OVERVIEW

This 6,500 square foot property features 5,000 square feet of bar/restaurant space available in September 2024, 600 square feet of retail space, and an 860 square foot 1-bedroom apartment. The property features a 2,200 square foot patio area and sits on a total of .51 acres. 37000-37040 Detroit Road is excellently positioned in Avon's French Creek District and currently generates income. The property was constructed in 1920 and renovated in 2014. Furniture, fixtures, and equipment are negotiable. The property features a full kitchen with a 16' hood system, full soda system, and 8 and 12 tap systems. The property is equipped with 60 parking spaces adding to its convenience of access. The highly visible corner lot of the historical bar sees traffic counts of 22,478 vehicles per day at the site intersection. ~ Items available separate from real estate sale are as follows: - Kitchen Area: 3 compartment sink, flat top, grill, oven, 2 fryers, 2 freezers, 1 refrigerator, refrigerated prep table, hand sinks, NSF food racks, heated plate serving rack - Bar/Restaurant Area: 3 compartment sink, approximately 39 bar stools, approximately 10 tall tables/40 tall chairs, approximately 20+ dining tables/80 seats (mix of table/tall table, booth), full POS system, approximately 7 reach in coolers at main bar

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

Commercial

APN/PARCEL ID

04-00-010-113-030

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.