Tavern with Covered
For Sale
$475,000
3238 Lincoln Way E, Massillon, OH 44646
Commercial tavern with bar service, billiards, table seating, office space, and a covered outdoor patio.
Property Size2,792 SF
Price / SF$170.13
Days on Market41
Property Features for 3238 Lincoln Way E
General Information
Standard status
Active
Size
2,792 SF
Building Details
Year Built
1950
Listing Agency:
Kiko
(330) 316-8229
Listed By:
Gabriel P Cozy · License #2019001101
Source:
Theacclaimedrealty
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 5:36AM
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 Kiko
Investment Insights
Based on property information with market context.
This commercial tavern includes the real estate, business, and operating assets in one package. The 2,792-square-foot building, constructed in 1950, features a large bar, table seating, billiards, a private office, storage rooms, and covered outdoor patio space. Recent improvements include the roof, furnace, front and rear doors, security system, and parking lot.
The property occupies a corner lot across three parcels totaling approximately 0.354 acres, with road frontage on Lincoln Way and Newport Ave in Perry Township, Stark County. The business has operated in the community for nearly 50 years. Existing licenses include D1, D2, D3, D3A, and D6 liquor licenses, along with food service, charitable bingo, Keno, and Ohio Lottery licenses.
The property occupies a corner lot across three parcels totaling approximately 0.354 acres, with road frontage on Lincoln Way and Newport Ave in Perry Township, Stark County. The business has operated in the community for nearly 50 years. Existing licenses include D1, D2, D3, D3A, and D6 liquor licenses, along with food service, charitable bingo, Keno, and Ohio Lottery licenses.
Key Highlights
- 2,792 SF commercial building constructed in 1950
- Three parcels totaling approximately 0.354 acres
- Corner lot with frontage on Lincoln Way and Newport Ave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,373
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,460
$607.5K
Cap Rate 7%
$433,900
$433.9K
Cap Rate 9%
$337,478
$337.5K
Market Conditions
NOI Build-Up for 2,792 SF
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.
Gross rent
$41.9K $15.00/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$40.5K $14.50/SF
− OpEx
−$10.1K −$3.63/SF
NOI
$30.4K $10.88/SF
Area
Stark County, OH
Vacancy
3.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,460
Cap Rate 7%
$433,900
Cap Rate 9%
$337,478
Alternative Uses
Best Use
Specialty Retail
$433.9K
$379.7K – $506.2K
NOI $30,373 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$729.0K
$637.8K – $850.5K
NOI $51,027 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Marathon Petroleum
Shops & Services
3,501 visits/mo
0.3 miles
Handel's Ice Cream
Dining
3,313 visits/mo
0.2 miles
Pizza Oven
Dining
3,238 visits/mo
0.5 miles
Demographics for 44646, OH
47,973
Population
20,817
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,666
Density / Sq Mi
$66,767
Median Household Income
$41,021
Median Earnings
$883
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Morrie's Place — 3305 Lincoln Way E, Massillon, OH 44646
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- Lew's Bar Massillon Ohio — 3238 Lincoln Way E, Massillon, OH 44646
- Agavero Bar & Grill — 2484 Lincoln Way E, Massillon, OH 44646
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial tavern with bar service, billiards, table seating, office space, and a covered outdoor patio.
Where is this bar & pub located?
The property is located at 3238 Lincoln Way E Massillon, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,792 SF commercial building constructed in 1950; Three parcels totaling approximately 0.354 acres; Corner lot with frontage on Lincoln Way and Newport Ave
