Pizza Restaurant with Liquor
For Sale
$649,900
Pending
424 E Main St, Russells Point, OH
Turnkey pizza restaurant property with 64 seats, ADA-compliant layout, and a D-1 liquor license included in sale.
Property Size1,891 SF
Lot Size0.27 Acres
Days on Market224
Property Features for 424 E Main St
General Information
Standard status
Pending
Size
1,891 SF
Total Parking Spaces
17
Lot size
0.27 Acres
Additional Details
Business Included
Yes
Highway Access
Yes
Liquor License
Yes
Building Details
Year Built
1975
Year Renovated
1999
Listing Agency:
Zimmerman Realty Ltd.
Listed By:
Doug Zimmerman
(937) 592-4896
Source:
Exprealty
Added: Feb 27
Changed: Sep 14
Last Checked: Oct 7 at 3:33PM
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 Zimmerman Realty Ltd.
Investment Insights
Based on property information with market context.
This sale includes a remodeled pizza restaurant building and the operating business, along with all current equipment and inventory. The property is a 1-building site with a total size of 1,891 square feet on a 0.27-acre lot, built in 1975 and remodeled in 1999, with numerous updates reported and ongoing meticulous maintenance. Seating capacity is 64 and the facility is ADA compliant, with separate staff and guest bathrooms. Parking capacity is listed at 17 spaces.
The property is located in Russells Point at Indian Lake, positioned between US 33 and OH-708 (Main Street). The sale would also include a D-1 liquor license, with the exception of one Indian Lake sign on the west dining room wall. The Cassano’s franchise is optional.
Proof of funds or a letter of financial approval is required to review the financials.
The property is located in Russells Point at Indian Lake, positioned between US 33 and OH-708 (Main Street). The sale would also include a D-1 liquor license, with the exception of one Indian Lake sign on the west dining room wall. The Cassano’s franchise is optional.
Proof of funds or a letter of financial approval is required to review the financials.
Key Highlights
- 1891 SF pizza restaurant on a 0.27‑acre lot in Russells Point at Indian Lake
- Built in 1975 and remodeled in 1999, with numerous updates and meticulous maintenance
- Sale includes the business, all current equipment and inventory, and a D‑1 liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,563
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,260
$471.3K
Cap Rate 7%
$336,614
$336.6K
Cap Rate 9%
$261,811
$261.8K
Market Conditions
NOI Build-Up for 1,891 SF
Gross rent
$34.0K $18.00/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$31.4K $16.61/SF
− OpEx
−$7.9K −$4.15/SF
NOI
$23.6K $12.46/SF
Area
Montgomery County, OH
Vacancy
7.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,260
Cap Rate 7%
$336,614
Cap Rate 9%
$261,811
Alternative Uses
Best Use
Specialty Retail
$336.6K
$294.5K – $392.7K
NOI $23,563 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.89M
$15.65M – $20.87M
NOI $1,251,969 @ 7.0% cap · market cap 192.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey pizza restaurant property with 64 seats, ADA-compliant layout, and a D-1 liquor license included in sale.
Where is this conventional restaurant located?
The property is located at 424 E Main St Russells Point, OH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 1891 SF pizza restaurant on a 0.27‑acre lot in Russells Point at Indian Lake; Built in 1975 and remodeled in 1999, with numerous updates and meticulous maintenance; Sale includes the business, all current equipment and inventory, and a D‑1 liquor license
