Freestanding Drive-Through
1555 Coshocton Ave, Mount Vernon, OH 43050
For Sale
Contact for pricing
The freestanding quick-service property includes restaurant equipment and dedicated drive-through service.
Property Size3,800 SF
Lot Size1.06 Acres
Price / SF$460.53
Days on Market14
Property Features for 1555 Coshocton Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Drive-Thru
Traffic Count
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #BRKP.2020008390
(248) 702-0288
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:24PM
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 Encore Real Estate Investment Services
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Investment Insights
Based on property information with market context.
At 1555 Coshocton Ave in Mount Vernon, this freestanding restaurant contains 3,800 square feet on a 1.06-acre site. Built in 2015, the equipped quick-service property has a drive-through and 65 parking spaces. The site is zoned General Business, and an existing lease runs through August 31, 2027.
Coshocton Avenue frontage has exposure to more than 20,000 vehicles per day. The property sits at the signalized entrance to Walmart Supercenter and Aldi, with Lowe’s, CVS, AutoZone, McDonald’s, Starbucks, Kroger, Taco Bell, and Chipotle also identified among nearby retailers.
Coshocton Avenue frontage has exposure to more than 20,000 vehicles per day. The property sits at the signalized entrance to Walmart Supercenter and Aldi, with Lowe’s, CVS, AutoZone, McDonald’s, Starbucks, Kroger, Taco Bell, and Chipotle also identified among nearby retailers.
Key Highlights
- 3,800‑square‑foot freestanding restaurant on 1.06 acres
- Drive‑through service and 65 parking spaces
- Built in 2015; zoned General Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,195
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,900
$1.5M
Cap Rate 7%
$1,059,929
$1.1M
Cap Rate 9%
$824,389
$824.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$102.6K $27.00/SF
− Vacancy
−$3.7K −$0.97/SF
EGI
$98.9K $26.03/SF
− OpEx
−$24.7K −$6.51/SF
NOI
$74.2K $19.53/SF
Area
Knox County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,483,900
Cap Rate 7%
$1,059,929
Cap Rate 9%
$824,389
Alternative Uses
Best Use
Specialty Retail
$1.06M
$927.4K – $1.24M
NOI $74,195 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The freestanding quick-service property includes restaurant equipment and dedicated drive-through service.
Where is this drive through restaurant located?
The property is located at 1555 Coshocton Ave Mount Vernon, OH.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,800‑square‑foot freestanding restaurant on 1.06 acres; Drive‑through service and 65 parking spaces; Built in 2015; zoned General Business
