24098 Front St - Restaurant FOR SALE


Grand Rapids, OH 43522
$250,000 USD
419-466-6690
24098 Front St, Grand Rapids, OH for Sale
$250,000 USD
Restaurant - FOR SALE
1/14
null | Request Cap Rate

24098 Front St
Grand Rapids, OH 43522


HIGHLIGHTS

  • Sale-leaseback investment with a five-year lease in place
  • Long-standing local tenant operating at the property since 1995
  • Restaurant FF&E included with the sale
  • Fully occupied single-tenant retail property

OVERVIEW

24098 Front Street presents an opportunity to acquire a fully occupied retail investment property in the heart of historic downtown Grand Rapids, Ohio. The property is occupied by Snyder's Pizza, a family-owned pizza and sub shop that has operated at this location since 1995, providing investors with an established tenant presence and demonstrated operating history. The offering is structured as a sale-leaseback investment with a five-year lease in place and an option to renew, creating immediate income potential while allowing for long-term ownership of a downtown commercial asset. Located along Front Street, the property benefits from its position within Grand Rapids' walkable historic business district along the Maumee River. The village is known for its restored nineteenth-century architecture, locally owned businesses, and year-round visitor activity. Nearby attractions including Providence Metropark, the Miami and Erie Canal Towpath Trail, and community events such as the annual Apple Butter Festival contribute to consistent seasonal visitation and support local commerce. The 3,040-square-foot building sits on a 0.10-acre parcel and includes a variety of restaurant-related fixtures and equipment, including a walk-in cooler, soup and salad bar, and commercial stainless-steel sink. With 100% occupancy, a long-standing tenant, and a location within one of Northwest Ohio's most recognizable historic riverfront communities, the property offers investors a combination of in-place income, downtown visibility, and ownership of a well-established commercial building.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

E19-509-070201008000

ASK ABOUT THIS PROPERTY

Brian DowneySVN | Ascension Commercial RealtyMore Info
419-466-6690

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

Brian DowneySVN | Ascension Commercial RealtyMore Info
419-466-6690

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