Freestanding Restaurant Building For
204 Benton St Oak Harbor, OH 43449
204 Benton St, Oak Harbor, OH, 43449
Contact for pricing
For Sale
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944 SF restaurant on 0.31 AC corner lot.
Property Size944 SF
Lot Size0.31 Acres
Price / SF$412.08
Days on Market1117
Property Features for 204 Benton St
General Information
- Standard status
- Active
- Size
- 944 SF
- Lot size
- 0.31 Acres
- Property subtype
- Retail
Listing Agency
Goodman Real Estate Services Group LLC
Listed by
Zack Sogoloff · License #OH SAL.0000436288
Source
Crexi
Added: Jun 27, 2023 Checked: Jul 16 at 11:00 am
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 Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
A 944 square foot freestanding restaurant building is available for sale. The property is situated on a 0.31-acre corner lot and features ample parking. A large pole sign is present on the property. The restaurant has been newly remodeled and is located on a busy main street.
Key Highlights
- Newly remodeled restaurant
- Freestanding building (944 SF) on 0.31 AC
- Located on a busy main street
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 | $17.9k | $18.96 |
| − Vacancy | −$680 | −$0.72 |
| EGI | $17.2k | $18.24 |
| − OpEx | −$4.3k | −$4.56 |
| NOI | $12.9k | $13.68 |
944 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$184.5K
$161.4K – $215.2K
NOI $12,914 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$336.4K
$294.4K – $392.5K
NOI $23,549 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - 944 SF restaurant on 0.31 AC corner lot.
Where is this conventional restaurant located?
The property is located at 204 Benton St Oak Harbor, OH.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Newly remodeled restaurant; Freestanding building (944 SF) on 0.31 AC; Located on a busy main street
