Historic Restaurant with Two
2000 E Wheeling Avenue, Cambridge, OH 43725
Two fully equipped kitchens and banquet facilities make this operating restaurant versatile for events and other concepts.
Type:Mixed Use
Property size:
17,000 SFLot size:
3.00 AcresPrice / SF:
$64/SF- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 27 at 4:40 am
Property Features for 2000 E Wheeling Avenue
General Information
- Standard status
- Active
- Size
- 17,000 SF
- Lot size
- 3.00 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1990
Listing office Carol Goff & Associates
Listing date Mar 24, 2026
Source Asacoxhomes
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 Carol Goff & Associates
HighLights
- Operating restaurant built in 1990 with two fully equipped commercial kitchens and professional‑grade equipment
- 17,000 SF building on four lots totaling nearly 3 acres
- Includes multiple walk‑in coolers and freezers plus a freight lift connecting floors for operations
- Three banquet facilities with multiple separate entrances and 7 restrooms for event hosting and multi‑use
- Ample parking, loading doors, and utilities; separate entrances support independent business use
- Additional rental income: space generating $2,900/month on a month‑to‑month lease
Overview
This 17,000 sq. ft. property is a historic landmark currently operating as a long-time restaurant and sits on four lots totaling nearly 3 acres. The building includes two fully equipped commercial kitchens with professional-grade equipment, along with multiple walk-in coolers and freezers. Operational support is strengthened by a freight lift connecting floors, utilities, and loading doors, plus separate entrances that can support more than one use. For guest service and programming, there are three banquet facilities suitable for private dining, weddings, and corporate events, and seven separate restrooms. Ample parking is available to accommodate larger gatherings.
Located at 2000 E Wheeling Avenue in Cambridge, OH 43725, the property is described as having high visibility and convenient interstate access. The site also supports additional income through a rental space generating $2,900 per month on a month-to-month lease.
Designed for flexibility, the improvements can support continued operation as a restaurant, or conversion to concepts such as a bakery and deli, a steakhouse with a bar, an event or banquet center, medical/physician office, retail complex, or recreational venue. With existing commercial kitchens, multiple service-ready areas, and strong event-oriented space, it can fit an owner-operator looking for an all-in-one foodservice or hospitality footprint, as well as buyers considering mixed-use possibilities.
Located at 2000 E Wheeling Avenue in Cambridge, OH 43725, the property is described as having high visibility and convenient interstate access. The site also supports additional income through a rental space generating $2,900 per month on a month-to-month lease.
Designed for flexibility, the improvements can support continued operation as a restaurant, or conversion to concepts such as a bakery and deli, a steakhouse with a bar, an event or banquet center, medical/physician office, retail complex, or recreational venue. With existing commercial kitchens, multiple service-ready areas, and strong event-oriented space, it can fit an owner-operator looking for an all-in-one foodservice or hospitality footprint, as well as buyers considering mixed-use possibilities.
Local 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 | $97.9k | $5.76 |
| − Vacancy | −$3.5k | −$0.21 |
| EGI | $94.4k | $5.55 |
| − OpEx | −$23.6k | −$1.39 |
| NOI | $70.8k | $4.17 |
17,000 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$885.1K – $1.18M
NOI $70,811 @ 7.0% cap · market cap 6.44%
Second Best
Industrial
$997.9K
$873.2K – $1.16M
NOI $69,856 @ 7.0% cap · market cap 6.35%
Theoretical Best
Mixed Use
$3.95M
$3.46M – $4.61M
NOI $276,605 @ 7.0% cap · market cap 25.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mr Lee's Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Guernsey
- State
- Ohio
- Longitude
- -81.5702599
- Latitude
- 40.0272638
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two fully equipped kitchens and banquet facilities make this operating restaurant versatile for events and other concepts.
Where is this conventional restaurant located?
The property is located at 2000 E Wheeling Avenue Cambridge, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Operating restaurant built in 1990 with two fully equipped commercial kitchens and professional‑grade equipment; 17,000 SF building on four lots totaling nearly 3 acres; Includes multiple walk‑in coolers and freezers plus a freight lift connecting floors for operations
