Waterfront Bar &
For Sale
$1,787,500
14675 Zion Road Thornville, Thornville, OH 43076
Custom-built 2020 waterfront bar and restaurant with an outdoor patio bar and expansive second-story deck.
Property Size5,784 SF
Price / SF$309.04
Days on Market39
Property Features for 14675 Zion Road Thornville
General Information
Standard status
Active
Size
5,784 SF
Total Parking Spaces
33
Additional Details
Business Included
Yes
Highway Access
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$5,353
Amenities
No
Public
33.0
5784.0
Building Details
Building Size
5,784 SF
Year Built
2020
Stories
2
Listing Agency:
(614) 660-5959
Listed By:
Brian McLaughlin
(614) 660-5959
Source:
Movenowohio
Added: Jul 4
Changed: Aug 8
Last Checked: Aug 8 at 8:39AM
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.
Custom-built in 2020, this waterfront bar and restaurant is designed for hospitality with a handcrafted live-edge bar, custom wine shelves, and bespoke dining tables. Interior highlights include a stone wood-burning fireplace, tongue-and-groove walls, solid mahogany doors, statement chandelier, and custom railings. The concept is multi-faceted, combining full-service dining, a comprehensive bar program, a coffee shop, and branded merchandise, supported by a full liquor license. Outdoor features include an expansive second-story deck and a custom patio outdoor bar built for guest enjoyment near the waterfront.
The property is located on Zion Road in Thornville, Ohio, with easy access from I-70. The outdoor setup is specifically designed to capture destination dining and boating traffic.
The established operation includes live entertainment and private events, and the remarks indicate over 50 bands already booked for the 2026 season. An employee retention plan is in place, and the seller is available for buyer training to support a seamless transition.
The property is located on Zion Road in Thornville, Ohio, with easy access from I-70. The outdoor setup is specifically designed to capture destination dining and boating traffic.
The established operation includes live entertainment and private events, and the remarks indicate over 50 bands already booked for the 2026 season. An employee retention plan is in place, and the seller is available for buyer training to support a seamless transition.
Key Highlights
- Custom‑built 2020 waterfront bar and restaurant on the I‑70 corridor near Buckeye Lake
- Interior features include a handcrafted live‑edge bar, custom wine shelves, solid mahogany doors, and a stone wood‑burning fireplace
- Tongue‑and‑groove walls, custom dining tables, and custom railings throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,440,080
$1.4M
Cap Rate 7%
$1,028,629
$1.0M
Cap Rate 9%
$800,044
$800.0K
Market Conditions
NOI Build-Up for 5,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.3K $21.84/SF
− Vacancy
−$30.3K −$5.24/SF
EGI
$96.0K $16.60/SF
− OpEx
−$24.0K −$4.15/SF
NOI
$72.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,440,080
Cap Rate 7%
$1,028,629
Cap Rate 9%
$800,044
Alternative Uses
Best Use
Specialty Retail
$1.03M
$900.1K – $1.20M
NOI $72,004 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,604 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43076, OH
9,145
Population
4,078
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
65.2 sq mi
ZIP Area
140
Density / Sq Mi
$84,051
Median Household Income
$53,624
Median Earnings
$892
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Port Lounge & Smokehouse — 9308 Township Rd 79, Thornville, OH 43076
- Horvath’s Harbor — 14675 Zion Rd, Thornville, OH 43076
- Luckys Lakeside Grill — 14595 Zion Rd, Thornville, OH 43076
- Big Stan's Bar & Grill — 8635 Blackbird Ln, Thornville, OH 43076
- Buckeye Breeze Thru — 14830 OH-13, Thornville, OH 43076
Frequently Asked Questions
What type of property is this?
Bar & Pub - Custom-built 2020 waterfront bar and restaurant with an outdoor patio bar and expansive second-story deck.
Where is this bar & pub located?
The property is located at 14675 Zion Road Thornville Thornville, OH.
What is the asking price?
The asking price for this property is $1,787,500.
What are key features of this property?
This property features: Custom‑built 2020 waterfront bar and restaurant on the I‑70 corridor near Buckeye Lake; Interior features include a handcrafted live‑edge bar, custom wine shelves, solid mahogany doors, and a stone wood‑burning fireplace; Tongue‑and‑groove walls, custom dining tables, and custom railings throughout
