Drive-Thru Restaurant
For Sale
$574,900
103 S Main Street Glenford, Glenford, OH 43739
Turnkey restaurant offering includes a drive-thru and carryout operation plus a commercial building on 0.72 acres.
Property Size1,888 SF
Lot Size0.72 Acres
Price / SF$304.50
Days on Market93
Property Features for 103 S Main Street Glenford
General Information
Standard status
Active
Size
1,888 SF
Lot size
0.72 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$148
Amenities
No
47.25
1888.0
Building Details
Building Size
1,888 SF
Year Built
1981
Stories
1
Listed By:
Penny Ray
(614) 660-5959
Source:
Movenowohio
Added: Jul 6
Changed: Oct 4
Last Checked: Oct 5 at 3:06PM
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 Penny Ray
Investment Insights
Based on property information with market context.
The offering includes a turnkey restaurant opportunity with a drive-thru and carryout operation at the Glenford location. The package includes a 1,880+ square foot commercial/mixed-use building on 0.72 acres, with room for expansion or alternative use as described in the remarks.
In addition to the Glenford real estate, the sale also includes the business operations for both the Glenford and Somerset locations. The Somerset location is described as business only, with the real estate not included.
The sale is stated to include the Glenford real estate, both businesses, goodwill, recipes, and associated online and social media presence, supporting immediate continuity of operations for an owner-operator or investor as described.
In addition to the Glenford real estate, the sale also includes the business operations for both the Glenford and Somerset locations. The Somerset location is described as business only, with the real estate not included.
The sale is stated to include the Glenford real estate, both businesses, goodwill, recipes, and associated online and social media presence, supporting immediate continuity of operations for an owner-operator or investor as described.
Key Highlights
- Own both Montell's Pizza locations: Glenford (includes real estate) and Somerset (business only; leased space).
- Glenford location includes a 1,880+ SF commercial/mixed‑use building on 0.72 acres.
- Glenford offers a successful drive‑thru and carryout operation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,503
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,060
$470.1K
Cap Rate 7%
$335,757
$335.8K
Cap Rate 9%
$261,144
$261.1K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$41.2K $21.84/SF
− Vacancy
−$9.9K −$5.24/SF
EGI
$31.3K $16.60/SF
− OpEx
−$7.8K −$4.15/SF
NOI
$23.5K $12.45/SF
Area
Perry County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,060
Cap Rate 7%
$335,757
Cap Rate 9%
$261,144
Alternative Uses
Best Use
Specialty Retail
$335.8K
$293.8K – $391.7K
NOI $23,503 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$380.5K
$333.0K – $444.0K
NOI $26,637 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 43739, OH
2,380
Population
918
Households
2.6
Avg Household Size
39
Median Age
17%
College-Educated
91%
High-School Grad
34.8 sq mi
ZIP Area
68
Density / Sq Mi
$100,189
Median Household Income
$44,792
Median Earnings
$1,094
Median Rent
$287,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Turnkey restaurant offering includes a drive-thru and carryout operation plus a commercial building on 0.72 acres.
Where is this drive through restaurant located?
The property is located at 103 S Main Street Glenford Glenford, OH.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Own both Montell's Pizza locations: Glenford (includes real estate) and Somerset (business only; leased space).; Glenford location includes a 1,880+ SF commercial/mixed‑use building on 0.72 acres.; Glenford offers a successful drive‑thru and carryout operation.
