665 Lafayette Road
Medina, OH, 44256 $ 348,000
Baths0.0 Monthly Estimate*
$ 2,313
Studio
for $348,000. This building was built in 1900 on a lot size of 0.51.
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.
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FeaturesGeneralSewer PublicSewer
Heating ForcedAir Gas
Cooling CentralAir CeilingFans
Possession Negotiable
Roof Asphalt Fiberglass
Patio/Porch Features Patio
Year Built 1900
Stories 2
Township Medina
Levels Two
Property SubType MixedUse
Tax Year 2023
Current Use MixedUse
Business Type Mixed Restaurant
Business Name Diner 42 Tavern & Grill
County Medina
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Medina City
Garage Y/N N
Building Features PublicRestrooms
Status Active
Directions South on S Court through Medina Square West on Lafayette. Destination on the right.
City Medina
Disclosures PrincipalisRealEstateLicensed
View Y/N N
Senior Community Y/N N
High School District Medina CSD - 5206
Zoning Description Commercial
Waterfront Y/N N
Carport Y/N N
Street Name Lafayette
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1951.0
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Building Area Units SquareFeet
Standard Status Active
Middle/Junior School District Medina CSD - 5206
Elementary School District Medina CSD - 5206
Year Built Source Other
Property Sub Type Additional MixedUse
Legal Description LOT 2223 .510A
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InteriorBasement Full Concrete
Total Stories 2
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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ExteriorParking Features OnSite OffStreet ParkingLot Unpaved
Water Source Public
Lot Size Area 0.51
Foundation Details Basement
Number of Buildings 1
Spa N
Building Area Total 1998.0
Lot Size Acres 0.51
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByJames L IrwinListing Agent
Coldwell Banker Schmidt RealtyBroker
jirwin1414@outlook.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,313
- Monthly Property Taxes
- $163
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Medina, OH
Average List Price $748,580
Percent of Sale Price 115%
About Medina, OH 27,035 Population
14% Since 2002
$ 64,012 Median Income
38.84 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4457657 Elementary School
4457660 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
5/3/2024 | $348,000 | | Listed Price |