Commercial Kitchen Restaurant
222 Center St Findlay, OH 45840
222 Center St, Findlay, OH, 45840
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For Sale
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Building includes a commercial kitchen, newly added kitchen, and two full baths, with fire exits, signs, and parking front and back.
Property Size5,044 SF
Price / SF$92.98
Days on Market98
Property Features for 222 Center St
General Information
- Standard status
- Active
- Size
- 5,044 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1998
Listing agency
Key Realty
(567) 250-1539
Listed by
Chelsea Steinman · License #2014001561
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 2:09AM Checked: Jul 22 at 2:09AM
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 Key Realty
Investment Insights
Based on property information with market context.
This property features a commercial kitchen along with a newly updated kitchen, plus two full bathrooms. Most rooms are described as large and include windows, sinks, and fire exits. Fire security and illuminated exit signs are located throughout the building.
The layout also includes outdoor space with a large yard enclosed by a privacy fence. Parking is available in both the front and the back of the property. The building was previously used as a daycare, and the listing notes there may be space suited for business use.
The layout also includes outdoor space with a large yard enclosed by a privacy fence. Parking is available in both the front and the back of the property. The building was previously used as a daycare, and the listing notes there may be space suited for business use.
Key Highlights
- Built in 1998, previously operated as a daycare
- Includes a commercial kitchen plus a newly added kitchen
- Two full baths added to the building
Local Financial Insights For Industrial
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 | $32.3k | $6.41 |
| − Vacancy | −$2.7k | −$0.54 |
| EGI | $29.6k | $5.87 |
| − OpEx | −$8.9k | −$1.76 |
| NOI | $20.7k | $4.11 |
5,044 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,484 @ 7.0% cap · market cap 21.00%
Second Best
Industrial
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 4.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Early years family ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Early years family Childcare Center LLC. — 222 Center St, Findlay, OH 45840
- YMCA Child Development Center — 231 E Lincoln St, Findlay, OH 45840
- Jack & Jill Preschool LLC — 120 W Sandusky St, Findlay, OH 45840
- City Life Findlay — 620 Lynn St, Findlay, OH 45840
FAQs
What type of property is this?
Day care center - Building includes a commercial kitchen, newly added kitchen, and two full baths, with fire exits, signs, and parking front and back.
Where is this day care center located?
The property is located at 222 Center St Findlay, OH.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Built in 1998, previously operated as a daycare; Includes a commercial kitchen plus a newly added kitchen; Two full baths added to the building
