50 S Main Street, Utica, OH 43080

Building Details

Building Size 4,158 SF More

Year Built 1900 More

Listing Agency: Red 1 Realty

Listed By: Amber L Burns · License #2005008016 Show Phone

Source: Camtaylor

Added: Jul 25 Changed: Oct 31 Last Checked: Nov 6 at 6:26PM

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Investment Insights

Based on property information with market context.

This mixed-use property in Utica, Ohio, includes a 3024 Sqft main level and a 1100 sqft, three-bedroom apartment on the upper floor. The apartment includes all appliances and can support owner occupancy or rental use. The main level features exposed brick, high ceilings, fresh paint, a granite bar with overhead storage, an 8x10 walk-in cooler, security and point-of-sale systems, and a covered outdoor patio. A Class D 1,2,3,3A liquor license is included, along with most bar contents and restaurant equipment documented separately.

Built in 1900, the property also includes a substantial original mantel and has undergone many recent updates. Its combination of hospitality improvements and separate residential space creates a flexible mixed-use configuration at 50 S Main Street.

Key Highlights

• Class D 1,2,3,3A liquor license included
• 3024 Sqft main level with granite bar and overhead storage
• 1100 sqft, 3‑bedroom apartment with all appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,320

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,400 $346.4K

Cap Rate 7%

$247,429 $247.4K

Cap Rate 9%

$192,444 $192.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,158 SF

Gross rent

$24.0K $5.76/SF

− Vacancy

−$857 −$0.21/SF

EGI

$23.1K $5.55/SF

− OpEx

−$5.8K −$1.39/SF

NOI

$17.3K $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%

$346,400

Cap Rate 7%

$247,429

Cap Rate 9%

$192,444

Alternative Uses

Best Use

Mixed Use

$966.5K

$845.7K – $1.13M (±1% cap)

NOI $67,654 @ 7.0% cap · market cap 16.92%

Second Best

Apartment 5plus

$544.0K

$476.0K – $634.7K (±1% cap)

NOI $38,081 @ 7.0% cap · market cap 9.52%

Theoretical Best

Flex RnD

$3.34M

$2.92M – $3.90M (±1% cap)

NOI $233,757 @ 7.0% cap · market cap 58.45%

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

Bars & Pubs

Suggested Use

Top Pick Plumbing Service Furniture & Home Goods Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

25

Businesses Nearby

Explore this area Business Placement

Demographics for 43080, OH

5,321

Population

2,198

Households

2.4

Avg Household Size

41

Median Age

16%

College-Educated

91%

High-School Grad

73.3 sq mi

ZIP Area

73

Density / Sq Mi

$82,639

Median Household Income

$39,053

Median Earnings

$852

Median Rent

$221,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a bar-equipped main level with a three-bedroom apartment above.

Where is this mixed-use property located?

The property is located at 50 S Main Street Utica, OH.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Class D 1,2,3,3A liquor license included; 3024 Sqft main level with granite bar and overhead storage; 1100 sqft, 3‑bedroom apartment with all appliances