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Established Tavern with Income Potential

18966 State Route 347 Broadway, OH 43067

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Operating tavern with apartments and expansion possibilities.

Type:RETAIL
Property size:
6,720 SF
Lot size:
0.25 Acres
Price / SF:
$126/SF
Added:
May 4, 2026
Days on Market:
70
Last Refresh:
May 8 at 3:38 am

Property Features for 18966 State Route 347

General Information

Standard status
Active
Size
6,720 SF
Lot size
0.25 Acres
Property subtype
RETAIL

Listing office Coldwell Banker Realty | Marysville

Listing date May 4, 2026

Source Moodyscre

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 Coldwell Banker Realty | Marysville


Investment Insights

Based on property information with market context.

This property presents an investment opportunity with immediate income potential. It features an established tavern that has been operating since 1972, benefiting from a loyal customer base and consistent traffic. The location offers high visibility, supported by proximity to major manufacturing and supplier employers, which sustains ongoing business activity. The bar/restaurant is fully equipped with an efficient layout and a commercial kitchen featuring updated equipment, facilitating a seamless continuation of operations. Recent mechanical and exterior improvements contribute to reduced near-term maintenance costs. Two upper-level apartments provide additional income or flexibility for owner-occupancy. An outdoor patio and seasonal bar offer added revenue potential. The property includes an additional approximately 0.25-acre parcel with an existing well and septic system, suitable for future expansion. The property size is 6720 square feet.

Key Highlights

  • Established tavern with loyal customer base and consistent traffic since 1972.
  • Immediate income potential from operating tavern and two upper‑level apartments.
  • High‑visibility location near major employers.

Local Financial Insights For Apartment 5plus

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 $137.1k $20.40
− Vacancy −$10.8k −$1.61
EGI $126.3k $18.79
− OpEx −$56.8k −$8.45
NOI $69.4k $10.33
6,720 SF · lease $20.40/SF/yr · vacancy 7.90% · expense 45.00%

Alternative Uses

Best Use
Specialty Retail
$1.20M
$1.05M – $1.39M (±1% cap)
NOI $83,656 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$992.0K
$868.0K – $1.16M (±1% cap)
NOI $69,442 @ 7.0% cap · market cap 8.18%
Theoretical Best
Warehouse
$1.35M
$1.19M – $1.58M (±1% cap)
NOI $94,810 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

Auto Parts Store Grocery & Convenience Store Restaurant Bar & Pub

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Old Stone Haus Tavern — 18966 Main St, Raymond, OH 43067

FAQs

What type of property is this?
Bar & Pub - Operating tavern with apartments and expansion possibilities.
Where is this bar & pub located?
The property is located at 18966 State Route 347 Broadway, OH.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Established tavern with loyal customer base and consistent traffic since 1972.; Immediate income potential from operating tavern and two upper‑level apartments.; High‑visibility location near major employers.
Contact an agent
(614) 499-6307 Call to check price and availability
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