Property photo 1
33 photos
ActiveMLS# 5207000158 days on market

$1,200,000

244 N Water Street

Kent, OH 44240

0 BD|0 BA|7,840 SQFT|$153.06/sqft

About This Property

After 30 years of successful ownership of one of the flagship bars in downtown Kent University college town, owner is exploring leaving the bar business and enjoy lakes, boats and sunsets! Here is your opportunity to snag a location stable enough to stand the test of time. Currently known as Brewhouse and Brew down, it was also know in the past as JB's Downunder where it featured many artists such as the Red Hot Chili Peppers, Glass Harp, Eric Carmen, The Rasberries, and Joe Walsh. This location also housed a Paninis restaurant. It currently does not operate with a kitchen, but the opportunities are there for the next owner. The space is absolutely massive. Maybe use some of the unused areas for event rentals? Maybe office? Your vision! Get in now before the start of the new school year! Comes with liquor license and all interior contents, minus a few memorabilia items that may be held back. The current operating sqft is roughly 7,840 with another entire third level that was semi finished with roughly another 3,000+ sq ft, becoming potential of roughly 11,000sqft of entertainment space! There is one totally separate bar in the lower level currently called BrewDown and then the main bar on the main level currently operating as Brewhouse. Could that space downstairs be the next Speakeasy? Upstairs has it's own entrance as well. It's a pretty neat space that could be offices? Maybe work cohab spaces? Check out the live video in the link which was recorded in mid May.

Features & Amenities

Basement

Property Details

Property TypeCommercial
Year Built1900
Lot Size4,269 sqft
Stories2
Price / Sqft$153.06
Days on Market158
MLS Number5207000

Noreen Kaseda

Sales Associate

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Est. Monthly Payment

$7,218

P&I: $6,068 | Tax: $850 | Insurance: $300

$1,200,000
%
%
Loan Amount$960,000
Down Payment$240,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

244 N Water Street, Kent, OH 44240

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