Turn-Key Restaurant
4 N Park Place Newark, OH 43055
For Sale
$129,900
SINGLE_FAMILY - Newark, OH
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$72.17
Days on Market195
Property Features for 4 N Park Place
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
054-201840-00.000
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6619
Listing Agency:
Real of Ohio
(855) 450-0442
Listed By:
Siara B Kopis · License #2015004641
(740) 475-7408
Added: Jan 13
Changed: Jul 27
Last Checked: Jul 27 at 8:06PM
MLS# 226001110
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale opportunity includes a turn-key restaurant operation housed in an approximately 1,800 sq ft commercial space. The offering is described as having established operating history with consistent revenue growth, increasing from approximately $258,000 in 2022 to approximately $430,000 in 2025 (figures as provided). The sale includes commercial-grade fixtures and appliances, seating, decor, menu, recipes, a vendor list, and comprehensive owner training, along with an in-store management structure described as partially delegating operations with limited owner involvement.
The business operates under a sublease agreement through February 2027, with the property owner described as open to offering an option to renew for an additional two years following the sublease expiration. The property is located at 4 N Park Place in Newark, Ohio (Licking County).
The business operates under a sublease agreement through February 2027, with the property owner described as open to offering an option to renew for an additional two years following the sublease expiration. The property is located at 4 N Park Place in Newark, Ohio (Licking County).
Key Highlights
- Profitable, turn‑key retail food business with consistent revenue growth, from $258,000 in 2022 to $430,000 in 2025.
- Prime downtown Newark location in a vibrant, walkable district with high foot traffic.
- Sale includes all assets: fixtures, appliances, seating, decor, menu, recipes, trained employees, and vendor list.
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 | $10.4k | $5.76 |
| − Vacancy | −$371 | −$0.21 |
| EGI | $10.0k | $5.55 |
| − OpEx | −$2.5k | −$1.39 |
| NOI | $7.5k | $4.17 |
1,800 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Retail
$468.6K
$410.0K – $546.7K
NOI $32,802 @ 7.0% cap · market cap 25.25%
Second Best
Specialty Retail
$107.1K
$93.7K – $125.0K
NOI $7,498 @ 7.0% cap · market cap 5.77%
Theoretical Best
Flex RnD
$1.45M
$1.26M – $1.69M
NOI $101,193 @ 7.0% cap · market cap 77.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A turn-key restaurant operation in an approximately 1,800 sq ft downtown commercial space with included fixtures, seating, and training.
Where is this conventional restaurant located?
The property is located at 4 N Park Place Newark, OH.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Profitable, turn‑key retail food business with consistent revenue growth, from $258,000 in 2022 to $430,000 in 2025.; Prime downtown Newark location in a vibrant, walkable district with high foot traffic.; Sale includes all assets: fixtures, appliances, seating, decor, menu, recipes, trained employees, and vendor list.
