Restaurant Building with Parking
For Sale
$169,000
1016 Clay Street, Portsmouth, OH 45562
The existing restaurant layout is paired with a separate parking area across the street.
Property Size2,650 SF
Price / SF$63.77
Days on Market11
Property Features for 1016 Clay Street
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Commercial
Zoning
Commercial
Building Details
Building Size
2,650 SF
Year Built
1957
Buildings
1
Units
1
Listing Agency:
Keller Williams Bluegrass Realty
(859) 260-1444
Listed By:
Timothy, Angel
(740) 352-1292
Source:
Sinclairre
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 24 at 2:45PM
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 Bluegrass Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,650-square-foot building was constructed in 1957 and remains in restaurant use. The offering is for the real estate; the business is not included.
A separate large parking lot sits directly across the street from the building at 1016 Clay Street in Portsmouth, Ohio. The property is zoned Commercial.
A separate large parking lot sits directly across the street from the building at 1016 Clay Street in Portsmouth, Ohio. The property is zoned Commercial.
Key Highlights
- 2,650‑square‑foot restaurant building
- Built in 1957 and still used as a restaurant
- Separate large parking lot directly across the street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,038
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$220,760
$220.8K
Cap Rate 7%
$157,686
$157.7K
Cap Rate 9%
$122,644
$122.6K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$15.3K $5.76/SF
− Vacancy
−$546 −$0.21/SF
EGI
$14.7K $5.55/SF
− OpEx
−$3.7K −$1.39/SF
NOI
$11.0K $4.17/SF
Area
Scioto 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%
$220,760
Cap Rate 7%
$157,686
Cap Rate 9%
$122,644
Alternative Uses
Best Use
Specialty Retail
$157.7K
$138.0K – $184.0K
NOI $11,038 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.9K
$493.5K – $657.9K
NOI $39,476 @ 7.0% cap · market cap 23.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
107k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 31%
Groceries 12%
Electronics 5%
Speedway
Shops & Services
18,738 visits/mo
0.4 miles
Burger King
Dining
13,972 visits/mo
0.2 miles
Aldi
Groceries
13,172 visits/mo
0.4 miles
Rally's
Dining
11,106 visits/mo
0.2 miles
Little Caesars Pizza
Dining
10,797 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Patsy's Inn — 1016 Clay St, Portsmouth, OH 45662
- The Pink Dreams Cottage — 1806 Grant St, Portsmouth, OH 45662
Frequently Asked Questions
What type of property is this?
Breakfast & diner - The existing restaurant layout is paired with a separate parking area across the street.
Where is this breakfast & diner located?
The property is located at 1016 Clay Street Portsmouth, OH.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: 2,650‑square‑foot restaurant building; Built in 1957 and still used as a restaurant; Separate large parking lot directly across the street
