Bar and Restaurant with
18966 State Route 347 Broadway, OH 43067
For Sale
Contact for pricing
Fully equipped bar and restaurant with a commercial kitchen, plus two upper-level apartments and an outdoor patio.
Property Size6,720 SF
Price / SF$126.34
Days on Market87
Property Features for 18966 State Route 347
General Information
Standard status
Active
Size
6,720 SF
Property subtype
RETAIL
Listing Agency:
Coldwell Banker Realty | Marysville
(614) 499-6307
Listed By:
Julie R Guy-Schrienk
(614) 499-6307
Source:
Moodyscre
Added: May 4
Changed: Jul 25
Last Checked: Jul 28 at 1:10PM
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.
Located at 18966 State Route 347 in Broadway, OH, this established tavern/bar and restaurant has been operating since 1972. The property offers an efficient bar-and-restaurant layout with a commercial kitchen and updated equipment, designed to support continued operations. Recent mechanical and exterior improvements are also noted, helping reduce near-term maintenance concerns.
Two upper-level apartments provide additional income or owner-occupant flexibility. Outdoor amenities include a patio and a seasonal bar. An additional approximate 0.25-acre parcel is included, with an existing well and septic system, offering room for future expansion.
The business is described as benefiting from a location near major manufacturing and supplier employers, supporting steady activity for the ongoing concept.
Two upper-level apartments provide additional income or owner-occupant flexibility. Outdoor amenities include a patio and a seasonal bar. An additional approximate 0.25-acre parcel is included, with an existing well and septic system, offering room for future expansion.
The business is described as benefiting from a location near major manufacturing and supplier employers, supporting steady activity for the ongoing concept.
Key Highlights
- Established tavern/restaurant operating since 1972, with a fully equipped bar/restaurant and commercial kitchen.
- Commercial kitchen includes updated equipment to support ongoing operations.
- Two upper‑level apartments provide additional income or owner‑occupant flexibility.
Financial Insights For Multifamily LT 5
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 | $108.9k | $16.20 |
| − Vacancy | −$7.1k | −$1.05 |
| EGI | $101.8k | $15.15 |
| − OpEx | −$30.5k | −$4.54 |
| NOI | $71.3k | $10.60 |
6,720 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.39M
NOI $83,656 @ 7.0% cap · market cap 9.85%
Second Best
Multifamily LT 5
$1.02M
$890.6K – $1.19M
NOI $71,251 @ 7.0% cap · market cap 8.39%
Theoretical Best
Warehouse
$1.35M
$1.19M – $1.58M
NOI $94,810 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Old Stone Haus Tavern — 18966 Main St, Raymond, OH 43067
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped bar and restaurant with a commercial kitchen, plus two upper-level apartments and an outdoor patio.
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/restaurant operating since 1972, with a fully equipped bar/restaurant and commercial kitchen.; Commercial kitchen includes updated equipment to support ongoing operations.; Two upper‑level apartments provide additional income or owner‑occupant flexibility.
