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939 Broadway Ave - New price: $195,000.00. All loan contracts considered or Lease (rent) or Land Contract! Owner retiring, all offers taken seriously! A great restaurant/bar for sale or lease in the Waterfront Entertainment District, Lorain Ohio! This is an incredible opportunity with all permits, some equipment, including bar equipment, business software, computers and new (2015) kitchen hood, fryer and stove. The building was completely rehabbed in 2007, new electrical wiring, sound system, fire suppression system and internet alarm system, new gas meter with new gas line, new water lines. The building has a new roof, new furnace/AC, and new restroom equipment. It is very close to the Black River Landing where all the spring, summer and fall concerts (Rover Fest, Rockin on the River and Local Festivals) are held. The building has reduced real estate taxes from the Community Reinvestment Area (CRA) incentive tax exemption transferable to the new owner. Parking in back, front patio and room for patio in back. Appraisal: Building: $200,000.00, Equipment: $80,000.00 Exterior Features: On/off street parking, frontage: 50 feet, rubber roof, public sewer, public water.

Listing information

  • MLS® ID: 3788025
  • Status: Active
  • New Construction: No
  • Estimated Annual Taxes: $2,073
  • Style: Retail / Hospitality / Service
  • Stories: 1
  • Foreclosure: No
  • County: Lorain
  • Year Built: 1948
  • Parking Type Description: On Site 0 cars
  • Lot Area: 0.15

Features

Assessments Y/N No
Available Financing Cash, Conventional
Basement Detail None
Cooling Type Central Air
Heating Fuel Gas
Heating Type Forced Air
Homestead Exemption Y/N No
Location Downtown, Freestanding
Miscellaneous Features Public Restroom
Other Lot Size Depth - 132, Lot Size Frontage - 50, Retail Sq Ft - 2720
Owner Pays Electric, Gas, Heating, Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Retail
Retail Type Restaurant
Roof Rubber
Water Sewer Public Sewer, Public Water
Listing Courtesy of Howard Hanna