Thriving Pizza Business
424 East Main Street Russells Point, OH
424 East Main Street, Russells Point, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Established pizza business and property for sale in Russells Point.
Property Size1,891 SF
Lot Size0.27 Acres
Price / SF$343.68
Days on Market374
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 Checked: Jul 17 at 3:31 am
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 is an opportunity to own a pizza business and property in Russells Point at Indian Lake. The 1891-square-foot building, situated on a 0.27-acre lot, was originally built in 1975 and remodeled in 1999, with ongoing maintenance and updates. The sale includes the business, all current equipment, inventory, and 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. The property, located between US 33 and OH-708 (Main Street), has a seating capacity of 64 and is ADA compliant. It features separate staff and guest bathrooms and parking for 17 vehicles.
Key Highlights
- Thriving pizza business and property for sale in Russells Point at Indian Lake.
- Includes business, all equipment, inventory, and a D‑1 liquor license.
- Located on a 0.27 acre lot between US 33 and OH‑708 (Main Street).
Local 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
Retail
$314.2K
$274.9K – $366.5K
NOI $21,992 @ 7.0% cap · market cap 3.38%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Turn key restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Turn key restaurant - Established pizza business and property for sale in Russells Point.
Where is this turn key 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: Thriving pizza business and property for sale in Russells Point at Indian Lake.; Includes business, all equipment, inventory, and a D‑1 liquor license.; Located on a 0.27 acre lot between US 33 and OH‑708 (Main Street).
