Bar and Restaurant with
54 Benedict Avenue Norwalk Norwalk, OH 44857
54 Benedict Avenue Norwalk, Norwalk, OH, 44857
$250,000
For Sale
$250,000
Established bar and restaurant offering indoor bar seating, kitchen, and a fenced patio partially covered for events.
Property Size1,551 SF
Price / SF$161.19
Days on Market18
Property Features for 54 Benedict Avenue Norwalk
General Information
- Standard status
- Active
- Size
- 1,551 SF
Building Details
- Year Built
- 1948
Listing agency
(614) 660-5959
Listed by
Neil (Tony) Mason
(614) 660-5959
Source
Movenowohio
Added: Jul 6 Updated: Jul 22 at 4:21PM Checked: Jul 23 at 2:44AM
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 Neil (Tony) Mason
Investment Insights
Based on property information with market context.
This long-established bar and restaurant for sale includes more than 1,500 square feet of interior space featuring exposed industrial-style ceilings and a wraparound bar with bar ledge along the exterior wall. The layout includes an area suited for a pool table, a DJ booth, high-top tables, and a kitchen currently supporting a small menu. Outside, there is a large, poured, fenced patio that is partially covered and set up for live music and cornhole tournaments.
The business has seen multiple updates over the last four years, including work to electrical and plumbing. Furniture has been replaced during that period, and new televisions have been added.
The property includes both interior and exterior entertainment and dining areas, supporting bar service with ongoing patron accommodation and use of the covered, fenced patio.
The business has seen multiple updates over the last four years, including work to electrical and plumbing. Furniture has been replaced during that period, and new televisions have been added.
The property includes both interior and exterior entertainment and dining areas, supporting bar service with ongoing patron accommodation and use of the covered, fenced patio.
Key Highlights
- Long‑established bar and restaurant in the heart of Norwalk with indoor bar seating, kitchen, and event space
- Over 1,500 SF of interior space with exposed industrial ceiling and wraparound bar area
- Fenced, poured patio that is partially covered for live music and cornhole tournaments
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 | $31.1k | $20.04 |
| − Vacancy | −$995 | −$0.64 |
| EGI | $30.1k | $19.40 |
| − OpEx | −$7.5k | −$4.85 |
| NOI | $22.6k | $14.55 |
1,551 SF · lease $20.04/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$322.4K
$282.1K – $376.1K
NOI $22,566 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charlie's Bar
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Charlie's Bar — 54 Benedict Ave, Norwalk, OH 44857
- Office Bar — 11 Whittlesey Ave, Norwalk, OH 44857
- Buckeye Pub & Grub — 71 Jefferson St, Norwalk, OH 44857
- Berry's on Main — 15 W Main St, Norwalk, OH 44857
- Glass Bar — 45 E Main St, Norwalk, OH 44857
FAQs
What type of property is this?
Bar & Pub - Established bar and restaurant offering indoor bar seating, kitchen, and a fenced patio partially covered for events.
Where is this bar & pub located?
The property is located at 54 Benedict Avenue Norwalk Norwalk, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Long‑established bar and restaurant in the heart of Norwalk with indoor bar seating, kitchen, and event space; Over 1,500 SF of interior space with exposed industrial ceiling and wraparound bar area; Fenced, poured patio that is partially covered for live music and cornhole tournaments
