Turnkey Restaurant with
For Sale
$1,490,000
153 W Main Street Loudonville, Loudonville, OH 44842
Renovated restaurant building with paved parking, included FF&E, equipment, and a liquor license.
Property Size4,532 SF
Price / SF$328.77
Days on Market94
Property Features for 153 W Main Street Loudonville
General Information
Standard status
Active
Size
4,532 SF
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$2,905
Amenities
No
Public
0.09
4532.0
Building Details
Building Size
4,532 SF
Year Built
1900
Stories
2
Listed By:
Brian McLaughlin
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Sep 14
Last Checked: Oct 5 at 3:45PM
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 Brian McLaughlin
Investment Insights
Based on property information with market context.
This turnkey restaurant package includes a 4,532 SF restaurant building, a 1,600 SF paved parking area, and all furniture, fixtures, and equipment. The building has been fully renovated with updated electrical service, HVAC systems, kitchen equipment, and interior improvements throughout.
Black Fork Bistro is currently operating profitably and includes trained staff in place for a smooth transition. The sale is offered as a combined real estate and business offering, including the restaurant business, equipment, and a liquor license.
For buyers seeking a ready-to-operate dining concept, this property provides a complete restaurant buildout and parking lot configuration in Loudonville, Ohio.
Black Fork Bistro is currently operating profitably and includes trained staff in place for a smooth transition. The sale is offered as a combined real estate and business offering, including the restaurant business, equipment, and a liquor license.
For buyers seeking a ready-to-operate dining concept, this property provides a complete restaurant buildout and parking lot configuration in Loudonville, Ohio.
Key Highlights
- 4,532 SF fully renovated restaurant building in Loudonville, OH
- Includes 1,600 SF paved parking area
- Renovations include updated electrical service, HVAC systems, kitchen equipment, and interior improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,844
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,880
$976.9K
Cap Rate 7%
$697,771
$697.8K
Cap Rate 9%
$542,711
$542.7K
Market Conditions
NOI Build-Up for 4,532 SF
Gross rent
$68.0K $15.00/SF
− Vacancy
−$2.9K −$0.63/SF
EGI
$65.1K $14.37/SF
− OpEx
−$16.3K −$3.59/SF
NOI
$48.8K $10.78/SF
Area
Ashland County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,880
Cap Rate 7%
$697,771
Cap Rate 9%
$542,711
Alternative Uses
Best Use
Specialty Retail
$697.8K
$610.6K – $814.1K
NOI $48,844 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.2K
$748.3K – $997.8K
NOI $59,866 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
McDonald's
Dining
15,920 visits/mo
0.4 miles
BP
Shops & Services
7,979 visits/mo
0.2 miles
Taco Bell
Dining
7,343 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
5,072 visits/mo
0.5 miles
Park National Bank
Shops & Services
3,907 visits/mo
0.1 miles
Demographics for 44842, OH
5,643
Population
2,480
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
72.8 sq mi
ZIP Area
78
Density / Sq Mi
$71,524
Median Household Income
$39,444
Median Earnings
$665
Median Rent
$186,600
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant building with paved parking, included FF&E, equipment, and a liquor license.
Where is this conventional restaurant located?
The property is located at 153 W Main Street Loudonville Loudonville, OH.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 4,532 SF fully renovated restaurant building in Loudonville, OH; Includes 1,600 SF paved parking area; Renovations include updated electrical service, HVAC systems, kitchen equipment, and interior improvements
