Cedar Bar & Grill with
For Sale
$320,000
144 N Cedar Street, Newark, OH 43055
The upper-level apartment offers two bedrooms and one bathroom above a bar and grill with seating for 48.
Property Size2,426 SF
Price / SF$131.90
Days on Market30
Property Features for 144 N Cedar Street
General Information
Standard status
Active
Size
2,426 SF
Property subtype
Restaurant
Building Details
Year Built
1930
Listing Agency:
RE/MAX 360
(740) 928-3600
Listed By:
Courtney C Wilson · License #2016005874
(740) 403-7080
Source:
Livewellhomegrp
Added: Sep 30
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
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 RE/MAX 360
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Investment Insights
Based on property information with market context.
Cedar Bar & Grill is a bar and grill with seating for 48, including 12 bar stools and 9 tables. Entertainment and gaming features include a pool table, jukebox, Keno, and a quarter machine. A two-bedroom, one-bathroom apartment occupies the space above the business. The property was built in 1930, and the business history dates to 1943.
Improvements include a replacement roof and gutters, refreshed exterior, updated restrooms, kitchen and bar, new coolers, freezers, fryer and hot water heater, and electrical upgrades. The site also has LED lighting, a beer garden, and an asphalt parking lot.
The property is near State Route 16 and within walking distance of downtown Newark, Ohio.
Improvements include a replacement roof and gutters, refreshed exterior, updated restrooms, kitchen and bar, new coolers, freezers, fryer and hot water heater, and electrical upgrades. The site also has LED lighting, a beer garden, and an asphalt parking lot.
The property is near State Route 16 and within walking distance of downtown Newark, Ohio.
Key Highlights
- Bar and grill seating for 48, including 12 bar stools and 9 tables
- Two‑bedroom, one‑bathroom apartment above the business
- Business history dates to 1943; property was built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,105
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,100
$202.1K
Cap Rate 7%
$144,357
$144.4K
Cap Rate 9%
$112,278
$112.3K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$14.0K $5.76/SF
− Vacancy
−$500 −$0.21/SF
EGI
$13.5K $5.55/SF
− OpEx
−$3.4K −$1.39/SF
NOI
$10.1K $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%
$202,100
Cap Rate 7%
$144,357
Cap Rate 9%
$112,278
Alternative Uses
Best Use
Specialty Retail
$144.4K
$126.3K – $168.4K
NOI $10,105 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.95M
$1.70M – $2.27M
NOI $136,386 @ 7.0% cap · market cap 42.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Eastern Beer-Liquor Food — 599 E Main St, Newark, OH 43055
- Cedar Bar & Grill — 144 N Cedar St, Newark, OH 43055
Frequently Asked Questions
What type of property is this?
Bar & Pub - The upper-level apartment offers two bedrooms and one bathroom above a bar and grill with seating for 48.
Where is this bar & pub located?
The property is located at 144 N Cedar Street Newark, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Bar and grill seating for 48, including 12 bar stools and 9 tables; Two‑bedroom, one‑bathroom apartment above the business; Business history dates to 1943; property was built in 1930
