40980 Butternut Park Ct
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40980 Butternut Park Ct
1,260 SF Speciality Building Offered at £312,589 in Elyria, OH 44035
Investment Highlights
- Attached Apartment Unit
- .77 acre
Executive Summary
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!
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £312,589 | Building Size | 1,260 SF |
| Price Per SF | £248 | Number of Floors | 1 |
| Sale Type | Owner User | Year Built | 1920 |
| Property Type | Speciality |
| Price | £312,589 |
| Price Per SF | £248 |
| Sale Type | Owner User |
| Property Type | Speciality |
| Building Size | 1,260 SF |
| Number of Floors | 1 |
| Year Built | 1920 |
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PROPERTY TAXES
| Parcel Number | 10-00-013-000-107 | Improvements Assessment | £20,003 (2023) |
| Land Assessment | £7,712 (2023) | Total Assessment | £27,714 (2023) |
PROPERTY TAXES
Parcel Number
10-00-013-000-107
Land Assessment
£7,712 (2023)
Improvements Assessment
£20,003 (2023)
Total Assessment
£27,714 (2023)
zoning
| Zoning Code | 430 (Resturant Bar/Cafeteria) |
| 430 (Resturant Bar/Cafeteria) |
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Adrian Frederick -
Coldwell Banker Schmidt Realty
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40980 Butternut Park Ct
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