Turn-Key Diner with
1565 Marion Waldo Road Marion Marion, OH 43302
For Sale
$474,900
Turn-key restaurant with two dining areas, banquet room, bar seating, and a rear drive-through window, plus large parking area.
Property Size3,840 SF
Lot Size1.00 Acre
Price / SF$123.67
Days on Market17
Property Features for 1565 Marion Waldo Road Marion
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Lot size
- 1.00 Acre
Building Details
- Year Built
- 1973
Listing Agency:
(614) 660-5959
Listed By:
Angelique LaFon-Hammond
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 2:26PM
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 Angelique LaFon-Hammond
Investment Insights
Based on property information with market context.
This turn-key restaurant property is offered for sale as a long-running diner concept. The interior includes seating for approximately 180 guests across two main dining areas, along with a banquet room and bar seating. Recent improvements include a $100,000 interior renovation in 2016. A walk-up basement provides space suitable for storage and deliveries, and a rear drive-through window adds operational flexibility.
The property sits on over 1 acre along a high-traffic road and is served by an expansive parking lot with approximately 50 spaces. The diner’s location is described as surrounded by thriving businesses, shopping centers, and industrial hubs.
For a buyer considering alternatives, the property is presented with versatile future use potential with proper zoning. The rear drive-through window and existing restaurant layout may support continued foodservice operations, while the site configuration and improvements provide a platform for other commercial uses as allowed by zoning.
The property sits on over 1 acre along a high-traffic road and is served by an expansive parking lot with approximately 50 spaces. The diner’s location is described as surrounded by thriving businesses, shopping centers, and industrial hubs.
For a buyer considering alternatives, the property is presented with versatile future use potential with proper zoning. The rear drive-through window and existing restaurant layout may support continued foodservice operations, while the site configuration and improvements provide a platform for other commercial uses as allowed by zoning.
Key Highlights
- 1.0‑acre restaurant property with 45 total parking spaces and an expansive parking lot for customer access
- Seating for around 180 guests across two main dining areas plus a banquet room and bar seating
- Rear drive‑through window adds operational flexibility for ordering and service
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $5.76 |
| − Vacancy | −$792 | −$0.21 |
| EGI | $21.3k | $5.55 |
| − OpEx | −$5.3k | −$1.39 |
| NOI | $16.0k | $4.17 |
3,840 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$228.5K
$199.9K – $266.6K
NOI $15,995 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$775.1K
$678.3K – $904.3K
NOI $54,260 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Breakfast & diners
FAQs
What type of property is this?
Breakfast & diner - Turn-key restaurant with two dining areas, banquet room, bar seating, and a rear drive-through window, plus large parking area.
Where is this breakfast & diner located?
The property is located at 1565 Marion Waldo Road Marion Marion, OH.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: 1.0‑acre restaurant property with 45 total parking spaces and an expansive parking lot for customer access; Seating for around 180 guests across two main dining areas plus a banquet room and bar seating; Rear drive‑through window adds operational flexibility for ordering and service
