Pizza Restaurant with Liquor
424 East Main Street Russells Point, OH 43348
For Sale
Contact for pricing
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
Price / SF$343.68
Days on Market386
Property Features for 424 East Main Street
General Information
Standard status
Active
Size
1,891 SF
Lot size
0.27 Acres
Property subtype
RETAIL
Listing Agency:
Zimmerman Realty | Bellefontaine
(937) 935-7154
Listed By:
Doug Zimmerman
Source:
Moodyscre
Added: Jul 9, 2025
Changed: Jul 27
Last Checked: Jul 28 at 3:47PM
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 | Bellefontaine
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 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 | $34.0k | $18.00 |
| − Vacancy | −$2.6k | −$1.39 |
| EGI | $31.4k | $16.61 |
| − OpEx | −$7.9k | −$4.15 |
| NOI | $23.6k | $12.46 |
1,891 SF · lease $18.00/SF/yr · vacancy 7.70% · expense 25.00%
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
Location Intelligence
Current Use
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 East Main Street 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
