Mixed-Use Building with Restaurant
For Sale
$1,100,000
10 N Main St, Waynesville, OH 45068
Three separately entered suites include restaurant, office, and retail space, with a covered porch connecting the building.
Property Size11,796 SF
Lot Size0.46 Acres
Price / SF$93.25
Days on Market14
Property Features for 10 N Main St
General Information
Standard status
Active
Size
11,796 SF
Lot size
0.46 Acres
Zoning
NC
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$8,061
Amenities
ADA accessible
covered wraparound porch
Building Details
Year Built
1999
Buildings
1
Construction
wood frame
Tenancy
Multi
Listing Agency:
Keller Williams Advisors
(513) 227-9151
Listed By:
John M. Bissman · License #2013003960
(513) 800-0675
Source:
Exprealty
Added: Oct 9
Changed: Oct 22
Last Checked: Oct 20 at 7:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Advisors
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Investment Insights
Based on property information with market context.
Built in 1999 on 0.46 acres, this 5,898-square-foot mixed-use property contains three separately accessed suites: a 3,218-square-foot restaurant, 1,443 square feet of office/retail space, and a 1,237-square-foot office. The restaurant includes a kitchen, bar, stone arches, cathedral wood ceilings, and on-site equipment. A 1,407-square-foot covered porch wraps around the building and links the suites. The wood-frame structure has commercial sprinkler protection, ADA ramp access, and three separate mechanical systems. A large parking lot is on site, and the property is delivered vacant for occupancy or leasing by suite.
The property is at 10 N Main St in Waynesville, Ohio, at the north end of Historic Main Street. It is zoned NC with a historic overlay; permitted uses are subject to buyer verification. Main Street attracts visitors throughout the year, including for the Ohio Sauerkraut Festival each October. Caesar Creek State Park is in close proximity, and the property is between Cincinnati and Dayton.
The property is at 10 N Main St in Waynesville, Ohio, at the north end of Historic Main Street. It is zoned NC with a historic overlay; permitted uses are subject to buyer verification. Main Street attracts visitors throughout the year, including for the Ohio Sauerkraut Festival each October. Caesar Creek State Park is in close proximity, and the property is between Cincinnati and Dayton.
Key Highlights
- 5,898‑square‑foot mixed‑use building on 0.46 acres, built in 1999
- Three suites: 3,218‑square‑foot restaurant, 1,443‑square‑foot office/retail suite, and 1,237‑square‑foot office
- Restaurant suite includes kitchen, bar, stone arches, cathedral wood ceilings, and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,134
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,680
$982.7K
Cap Rate 7%
$701,914
$701.9K
Cap Rate 9%
$545,933
$545.9K
Market Conditions
NOI Build-Up for 11,796 SF
Gross rent
$67.9K $5.76/SF
− Vacancy
−$2.4K −$0.21/SF
EGI
$65.5K $5.55/SF
− OpEx
−$16.4K −$1.39/SF
NOI
$49.1K $4.17/SF
Area
Warren County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$982,680
Cap Rate 7%
$701,914
Cap Rate 9%
$545,933
Alternative Uses
Best Use
Mixed Use
$2.13M
$1.86M – $2.48M
NOI $149,054 @ 7.0% cap · market cap 13.55%
Second Best
Retail
$1.65M
$1.44M – $1.92M
NOI $115,188 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$2.63M
$2.31M – $3.07M
NOI $184,437 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 32%
McDonald's
Dining
19,506 visits/mo
0.3 miles
BP
Shops & Services
11,223 visits/mo
0.4 miles
SUBWAY
Dining
2,834 visits/mo
0.3 miles
Domino's Pizza
Dining
1,695 visits/mo
0.3 miles
Demographics for 45068, OH
11,911
Population
4,605
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
70.6 sq mi
ZIP Area
169
Density / Sq Mi
$95,040
Median Household Income
$55,262
Median Earnings
$1,252
Median Rent
$325,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separately entered suites include restaurant, office, and retail space, with a covered porch connecting the building.
Where is this mixed-use property located?
The property is located at 10 N Main St Waynesville, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,898‑square‑foot mixed‑use building on 0.46 acres, built in 1999; Three suites: 3,218‑square‑foot restaurant, 1,443‑square‑foot office/retail suite, and 1,237‑square‑foot office; Restaurant suite includes kitchen, bar, stone arches, cathedral wood ceilings, and equipment
