Freestanding Restaurant
New
For Sale
$710,000
1225 West Church Street, Newark, OH 43055
A single-tenant restaurant property on an approximately one-acre site with on-site parking.
Property Size5,760 SF
Lot Size1.00 Acre
Price / SF$126.79
Days on Market2
Property Features for 1225 West Church Street
General Information
Standard status
Active
Size
5,760 SF
Lot size
1.00 Acre
Property subtype
Retail
Building Details
Building Size
5,760 SF
Year Built
1962
Buildings
1
Listing Agency:
SVN Wilson Commercial
Listed By:
Seth Asman · License #2016004115
(614) 747-2052
Source:
Svnwilson
Added: Oct 30
Last Checked: Oct 30 at 2:22PM
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 SVN Wilson Commercial
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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.
This freestanding restaurant building contains approximately 5,600 square feet and was built in 1962. The property occupies an approximately 1.0-acre site and includes on-site parking.
The site is near the intersection of West Church Street and State Route 16 in Newark, Ohio. Its position along a commercial corridor provides access to both local and commuter traffic.
The site is near the intersection of West Church Street and State Route 16 in Newark, Ohio. Its position along a commercial corridor provides access to both local and commuter traffic.
Key Highlights
- Approximately 5,600 square feet of restaurant space
- Approximately 1.0‑acre site
- Freestanding building, built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,326
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,520
$466.5K
Cap Rate 7%
$333,229
$333.2K
Cap Rate 9%
$259,178
$259.2K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$32.3K $5.76/SF
− Vacancy
−$1.2K −$0.21/SF
EGI
$31.1K $5.55/SF
− OpEx
−$7.8K −$1.39/SF
NOI
$23.3K $4.17/SF
Area
Licking 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%
$466,520
Cap Rate 7%
$333,229
Cap Rate 9%
$259,178
Alternative Uses
Best Use
Specialty Retail
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$4.50M
$3.94M – $5.25M
NOI $314,824 @ 7.0% cap · market cap 44.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
52k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Beauty & Spa 4%
Texas Roadhouse
Dining
33,706 visits/mo
0.1 miles
City Barbeque
Dining
8,659 visits/mo
0.2 miles
Jimmy John's
Dining
5,441 visits/mo
0.1 miles
SUBWAY
Dining
2,074 visits/mo
0.1 miles
Palm Beach Tan
Beauty & Spa
2,059 visits/mo
0.1 miles
Demographics for 43055, OH
62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A single-tenant restaurant property on an approximately one-acre site with on-site parking.
Where is this conventional restaurant located?
The property is located at 1225 West Church Street Newark, OH.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Approximately 5,600 square feet of restaurant space; Approximately 1.0‑acre site; Freestanding building, built in 1962
