$345,900
40980 Butternut Park CT Elyria, OH 44035
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$345,900
Est. payment /mo
0.76 Acres Lot
Price Dropped by $53K
40980 Butternut Park CT Elyria, OH 44035
UPDATED:
10/08/2024 07:31 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5064379
HOA Y/N No
Annual Tax Amount $2,062
Tax Year 2023
Lot Size 0.760 Acres
Acres 0.76
Property Description
Exceptional Commercial Opportunity in Prime Location! Presenting a rare estate sale of the former well-known Joe's Bar, a staple in the community for over 50 years. Property offers unparalleled visibility, fronting two major streets w/extremely high traffic flow & situated less than a mile from major highways, making it a prime location for any business. Currently zoned for Restaurant/Cafeteria/Bar use, this property includes a spacious, attached 3-bedroom apartment—ideal for additional income or owner-occupancy. Imagine the convenience of living where you work! The property features a spacious restaurant w/ample seating, two bathrooms, full basement, & .77-acre lot that offers additional parking & patio space. Sale includes all current equipment and a valuable liquor license, making it an unbeatable investment opportunity. Possibilities here are endless! While the property is priced "as-is," there's potential for rezoning, opening doors to a wide array of business ventures. Whether you’re looking to revive this iconic establishment, take advantage of the apartment rental possibilities, or launch your next business venture in a prime location, this property has it all. Don’t miss out on this unique chance to own a piece of local history (offered for sale for the 1st time in over 50 years) w/incredible potential. Call today to schedule your private tour!
Location
State OH
County Lorain
Rooms
Basement Partial
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Garage On Site
Water Access Desc Public
Roof Type Asphalt
Present Use Mixed Use
Total Parking Spaces 20
Building
Entry Level One
Foundation Basement
Sewer Septic Tank
Water Public
Level or Stories One
Schools
School District Keystone Lsd - 4708
Others
Tax ID 10-00-013-000-107
Listed by Christopher A Frederick • Coldwell Banker Schmidt Realty • thefrederickteam@gmail.com 216-210-7653
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