Downtown Restaurant
For Sale
$129,900
4 N Park Place, Newark, OH 43055
Business Opportunity, Newark, OH
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$72.17
Days on Market287
Property Features for 4 N Park Place
General Information
Property type
Residential
Property subtype
Retail
Zoning description
DC
Standard status
Active
APN
054-201840-00.000
Lot size
0.04 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6619
Listing Agency:
Real of Ohio
(855) 450-0442
Listed By:
Siara B Kopis
(740) 475-7408
Added: Jan 13
Changed: Oct 27
Last Checked: Oct 27 at 3:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This established restaurant business occupies a 1,800-square-foot commercial space at 4 N Park Place in downtown Newark. The sale includes commercial-grade fixtures and appliances, seating, décor, a menu, recipes, a vendor list, trained employees, and owner training. An in-store management structure is already in place, with operations partially delegated to reduce day-to-day owner involvement.
The business operates under a sublease through February 2027. The property owner is open to providing an additional two-year renewal option after the current sublease expires. The operation has four years of operating history and is positioned within a walkable downtown district surrounded by local shops, dining, and ongoing community activity.
The business operates under a sublease through February 2027. The property owner is open to providing an additional two-year renewal option after the current sublease expires. The operation has four years of operating history and is positioned within a walkable downtown district surrounded by local shops, dining, and ongoing community activity.
Key Highlights
- 1,800‑square‑foot restaurant space at 4 N Park Place in downtown Newark
- Sale includes commercial fixtures, appliances, seating, décor, menu, recipes, and vendor list
- Trained employees and owner training included with the business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,498
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,960
$150.0K
Cap Rate 7%
$107,114
$107.1K
Cap Rate 9%
$83,311
$83.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$10.4K $5.76/SF
− Vacancy
−$371 −$0.21/SF
EGI
$10.0K $5.55/SF
− OpEx
−$2.5K −$1.39/SF
NOI
$7.5K $4.17/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,960
Cap Rate 7%
$107,114
Cap Rate 9%
$83,311
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43055, OH
62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service operation includes commercial equipment, furnishings, trained employees, recipes, and transition support.
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: 1,800‑square‑foot restaurant space at 4 N Park Place in downtown Newark; Sale includes commercial fixtures, appliances, seating, décor, menu, recipes, and vendor list; Trained employees and owner training included with the business
