18966 State Route 347 Broadway, OH 43067
Operating tavern with apartments and expansion possibilities.
- 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 (614) 499-6307
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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar Off Market Nearby
- Old Stone Haus Tavern — 18966 Main St, Raymond, OH 43067