Bar and Restaurant Building with
For Sale
Contact for pricing
24 S 2nd St., Hamilton, OH 45011
Restaurant and bar layout with full bar service areas, included equipment, and multiple restrooms plus extensive basement space.
Property Size3,300 SF
Price / SF$159.09
Days on Market57
Property Features for 24 S 2nd St.
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Special Purpose
Additional Details
Business Included
Yes
Sprinkler System
Yes
Building Details
Year Built
1929
Listing Agency:
CENTURY 21 Thacker & Associates Inc
Listed By:
Marilyn Combs · License #OH
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 5 at 5:32AM
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 CENTURY 21 Thacker & Associates Inc
Investment Insights
Based on property information with market context.
This property is a bar and restaurant building offering a full bar up and a full bar down. Equipment is included, with a newer roof and updated fire alarm and sprinkler system. Interior features include windows all around, a small kitchen, storage room, bonus room, office, and a security system. The building also has a full basement and a sub basement, providing substantial additional space for operations or storage, and includes three restrooms.
The property is located on a high-traffic area, which supports visibility and walk-in traffic for food and beverage concepts. With windows around the space, the interior has multiple points of natural light and street-facing presence.
For buyers or operators looking for a ready-to-run hospitality setup, the combination of two bar levels, included equipment, and multiple supporting rooms offers a straightforward starting point for ongoing service. The added basement areas and dedicated office and storage spaces can help support day-to-day operations, while the fire and sprinkler updates provide additional building systems comfort for use as a restaurant and bar.
The property is located on a high-traffic area, which supports visibility and walk-in traffic for food and beverage concepts. With windows around the space, the interior has multiple points of natural light and street-facing presence.
For buyers or operators looking for a ready-to-run hospitality setup, the combination of two bar levels, included equipment, and multiple supporting rooms offers a straightforward starting point for ongoing service. The added basement areas and dedicated office and storage spaces can help support day-to-day operations, while the fire and sprinkler updates provide additional building systems comfort for use as a restaurant and bar.
Key Highlights
- Built in 1929 with a restaurant and bar layout, including full bar service areas up and down
- All bar equipment included
- Newer roof, plus fire alarm and sprinkler system
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 | $49.5k | $15.00 |
| − Vacancy | −$3.2k | −$0.96 |
| EGI | $46.3k | $14.04 |
| − OpEx | −$11.6k | −$3.51 |
| NOI | $34.7k | $10.53 |
3,300 SF · lease $15.00/SF/yr · vacancy 6.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$496.4K
$434.4K – $579.2K
NOI $34,749 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.5K
$570.9K – $761.2K
NOI $45,673 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant and bar layout with full bar service areas, included equipment, and multiple restrooms plus extensive basement space.
Where is this bar & pub located?
The property is located at 24 S 2nd St. Hamilton, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Built in 1929 with a restaurant and bar layout, including full bar service areas up and down; All bar equipment included; Newer roof, plus fire alarm and sprinkler system
