$174.17 Per Sq Foot $1,868 est/mo Sourced by Back At You

665 Lafayette Road,Medina, OH 44256

Medina OH, 44256

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Description

Introducing our newest commercial listing: Diner 42 Tavern & Grill, home of the renowned Medina Salsa Company, located at 665 Lafayette Rd, Medina, OH. This establishment has long been a beloved fixture in the community, drawing patrons with its vibrant atmosphere and delicious offerings. Strategically situated along State Route 42 near the main circle, this property presents an exceptional investment opportunity, boasting a lively bar, restaurant, and a comfortable residential apartment. Its proximity to the local industrial park and fairgrounds ensures substantial traffic flow and excellent exposure, with an average of 10,420 vehicles passing by daily. Comprising a total of 2,934 sq ft, the property includes 1,062 sq ft of restaurant space on the first floor, along with a charming 936 sq ft apartment on the second floor, featuring 3 bedrooms and 1 bathroom. The outdoor area is a true gem, featuring an enclosed porch, open porch, expansive wood deck, volleyball court, and a designated area with artificial turf for cornhole and other recreational activities, making it a popular destination for community gatherings and social events. The sale of this property includes all essential furniture, fixtures, and equipment for the restaurant, ensuring a seamless transition for new owners. With its C-1 zoning, the property supports diverse business operations and offers the potential for dual-income streams. This property represents more than just a physical structure; it embodies a lucrative opportunity to capitalize on Medina’s vibrant commercial landscape. With its strategic location, loyal customer base, and versatile amenities, 665 Lafayette Rd offers a rare chance to invest in a property poised for growth, profitability, and community engagement. Investing here isn't just a smart decision; it's a strategic move towards owning a cornerstone of local commerce.

Details

MLS#5034915
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1900
Days On Site76
Listing Provided ByColdwell Banker Schmidt Realty | James L Irwin
Buying Commision2

Features

SQ Feet1,998
BasementY
Story(s)2
Building(s)1
ZoningCommercial
Acreage0.51

Market Activity 44256

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Learn More About This Property

StateOH
CountyMedina
CityMedina
Zip Code44256
Community NameMedina City
Listing VS Median (in Medina City)
Price:
$348,000
low | high
Med:
$348,000
50% of Average
SqFt:
1,998
low | high
Med:
1,998
50% of Average
$ / SqFt:
$174
low | high
Med:
$174
50% of Average
On Site:
76
low | high
Med:
76.000000
100% of Average
Sourced by Back At You
Listing Updated: June 17, 2024 at 3:43:18 PM PDT