Listed by Agresti Real Estate
$285,000
Russ' Dinor
Details
Property Type Retail, Mixed Use
Sub Type Restaurant
Square Footage 2,256
Cap Rate 22.34%
NOI $63,681
Occupancy 100%
Price per SqFt $126
Year Built 1948
Buildings 2
Acreage 0.270
Zoning B-1
Parking Spaces 20 spaces
Parking per 1,000 SqFt 8.87
Ground Lease No
Here is your opportunity to own a piece of Wesleyville history, with the landmark Russ' Dinor!
Marketing description
Here is your opportunity to own a piece of Wesleyville history! The landmark Russ' Dinor sits on a prominent corner in the heart of town, and has been a popular locals' frequent since the 1940's. The property consists of a bustling 49 seat dinor and a storage building that once housed a beer distribution business with walk-in cooler. There are many options and possibilities for this corner lot. Over 20 parking spaces and easy access on both sides of the property are an added bonus that allows great flow for customers to come and go. There is also an opportunity to purchase the adjoining property that holds a fully rented duplex and a 1 car detached garage as a package deal.
Investment highlights
Listing Contacts
Listed by Agresti Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,681.00
$5,306.75/mo
Valuation Metrics
0
DSCR
22.34%
Cap Rate
22.34%
ROI
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