900 Broadway,Lorain, OH 44052
Lorain, OH 44052
Description
A rare opportunity to own a long-standing, successful turnkey bar and restaurant with multiple revenue streams, real estate included, and an additional income-producing rental home in the heart of Lorain. This well-known local destination has built a strong reputation over the years for its welcoming atmosphere, quality food and drinks, and exceptional customer service. Ideally situated in a highly visible, high-traffic location, the business attracts a steady mix of loyal local patrons and visitors year-round. One of the standout advantages is its established late-night operating hours, a rarity in the area that provides a significant competitive edge. The space offers a well-designed and flexible layout capable of accommodating regular dining service, nightlife, private parties, and special events, creating multiple revenue streams and opportunities for growth. Additional income is generated through sports betting, Keno, a jukebox, and gaming machines, providing consistent supplemental revenue beyond food and beverage sales. The business has maintained a solid financial track record with consistent revenue and healthy profit margins, while still offering significant upside potential for a new owner. Opportunities exist to further expand through creative marketing, themed events, partnerships with local businesses, or by introducing additional offerings such as weekend brunch. This is a true turnkey operation, with all equipment, systems, and a D-7 liquor license (including Sunday sales) transferring with the sale, allowing a new owner to step in and continue operations seamlessly from day one. The sale includes the business, real estate, and rental property, making this an exceptional opportunity for an owner-operator or investor seeking both a thriving hospitality business and additional income. Please do not approach staff or inquire about the sale at the business directly. All questions and showings must be arranged through the listing agent.
Details
| MLS # | 5121985 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 469 |
| Listing Provided By | Keller Williams Greater Metropolitan | Mathew P Chase |
Features
| SQ Feet | 6,100 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.14 |
Taxes
| Tax Annual Amount | 10394 |
|---|
Area Information
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Listing VS Median (in 44052) | |
Price: $399,900 low | high Med: $170,000 sqft: 6,100 low | high Med: 1,400 $ / sqft: $66 low | high Med: $121 On site: 469 low | high Med: 10 | |
Market Activity 44052
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Learn More About This Property
| State | OH |
|---|---|
| County | Lorain |
| City | Lorain |
| Zip Code | 44052 |
| Listing VS Median (in 44052) | |
Price: $399,900 low | high Med: $170,000 sqft: 6,100 low | high Med: 1,400 $ / sqft: $66 low | high Med: $121 On site: 469 low | high Med: 10 | |