8741 W RidgeElyria, OH 44035

8741 W RidgeElyria, OH 44035

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$435,000 Active
Commercial - Business MLS 5015404

Listed By

Agency Name: Northern Ohio Realty
Agency Contact: 440-366-0099 northernohiorealty@gmail.com

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Here is your chance to have your own Bar/Lounge/Restaurant. Ready for a new owner, this stand alone neighborhood bar, The Pub is practically turn key and ready for business. The Roof has been recently replaced and the 80 space parking lot was re done, plus new landscaping. The owner has purchased and updated much of the equipment in the kitchen, including freezers, flat top, broiler and grill. The possibilities are endless with this building, there are 2 handicap accessible ramps, updated bathrooms, and a finished basement with outside access for private parties. The Pub was a very popular place and was famous for its Karaoke and dart leagues. The building is in a diverse neighborhood including 2 new developments, multiple condos and hundreds of apartments. This property is FOR SALE ONLY, NO leasing, NO owner financing.

8741 W Ridge | MLS# 5015404

This commercial property located at 8741 W Ridge, Elyria, OH 44035 is currently listed for sale with an asking price of $435,000. W Ridge is located within the Elyria City school district. Search Elyria real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Exterior Entry, Full, Walk-Up Access
Basement: Yes
Cooling: Central Air
Days on Market: 731
Heating: Forced Air, Gas
Lot Size: 1.03 Acres
Roof Type: Asphalt, Fiberglass
Taxes: $5,741 / year
Year Built: 1964

Feature Descriptions

Building Features: Private Restrooms
Fencing: Chain Link
Parcel#: 06-24-003-104-002
Parking: Paved, Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Elyria City

Demographics

Lorain County Demographic Information for 8741 W Ridge, Elyria, OH 44035
Fips
Fips Code 39093
Population
2020 to 2023 Change up 1.6%
2010 Count 301,356
2020 Count 312,964
2023 Estimate (V2023) 317,910
2020 Estimate (V2023) 312,956
Age Distribution (Years Old)
0 to 4 5.3%
5 to 17 21.4%
18 to 64 53.4%
65 and Older 19.9%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 2.8%
US 97.2%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 27.2%
Computer and Internet use
Households with a computer 93.8%
Households with a broadband Internet subscription 84.5%
Language
English is Second Language, Age 5+ 7.0%
English is First Language, Age 5+ 93.0%
Veterans
Veterans 17,970
Income
Per Capita Income $37,171
Median Household Income $67,272
People in Poverty 12.8%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 136,666
Households 124,510
Average Household Size 2.45
Owner-Occupied 72.9%
Multi-Family 17.0%
Owner-Occupied Median Value $191,900
Median selected monthly owner costs -with a mortgage $1,474
Median selected monthly owner costs -without a mortgage $591
Median gross rent $886
Building Permits
New Private Housing Issued 2023 987
Years at Residence
1 Year or More 90.0%
Less Than 1 Year 10.0%
Business and Employment
Private non-farm Establishments 5,574
Private non-farm Employment 83,286
Private non-farm Employment Growth 0.0%
Nonemployer Establishments 21,027
Number of Firms 20,914
Business Production
Value of Shipments $6,058,884,000
Wholesale Trade $2,315,415,000
Retail Trade $3,875,576,000
Retail Sales Per Capita $12,297
Accommodation and Food Services $444,363,000
Land
Land Area 491.10 sq. miles
Population Per Square Mile 614

Source: US Census Bureau