5205 Lake Rd W - Restaurant FOR SALE


Ashtabula, OH 44004
$1,300,000 USD
440-812-2542
5205 Lake Rd W, Ashtabula, OH for Sale
$1,300,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

Jun '25


5205 Lake Rd W
Ashtabula, OH 44004


HIGHLIGHTS

  • Lake Erie Views
  • Fine Dining and Tiki Lounge
  • 2 Businesses/Turn Key

OVERVIEW

Established restaurant location. Recently remodeled in 2021. Updates include: new LED lights inside & out, new ceiling tiles, new carpet, installed CAT 5 wiring, New speakers, Updated bar, New windows on patio room, New parking lot, updated electrical system. The following chattel will remain: New Kitchen equipment in 2024, Pasta maker and new gelato maker, bar equipment including coolers-draft system-ice machines, All dining room furniture including tables & chairs, Walk in cooler, walk in freezer, D5 and D6 liquor license. This is a high traffic location in a densely populated area with convenient access to Rt 45 and in between Ashtabula Harbor as well as Geneva on the Lake. This would be a turn key location for anyone looking to relocate or begin a new business, restaurant, winery etc. There is a great "Tiki Bar" that is up and running or could be a separate business.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

5.84 AC

LAND SF

254,258 SF

ZONING

C-2

APN/PARCEL ID

480030008900,480131002000

ASK ABOUT THIS PROPERTY

Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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Clorice DlugosMcDowell Real Estate ServicesMore Info
440-812-2542

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