Bar and Rental
601 E Main Street Lancaster Lancaster, OH 43130
601 E Main Street Lancaster, Lancaster, OH, 43130
$699,900
For Sale
$699,900
For sale as a combined package: a bar/restaurant plus six rental units across three parcels, including a liquor license.
Property Size7,294 SF
Price / SF$95.96
Days on Market16
Property Features for 601 E Main Street Lancaster
General Information
- Standard status
- Active
- Size
- 7,294 SF
Building Details
- Year Built
- 1900
Listing agency
(614) 660-5959
Listed by
Jim Fallieras
(614) 660-5959
Source
Movenowohio
Added: Jul 7 Updated: Jul 21 at 9:18PM Checked: Jul 21 at 9:18PM
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 Jim Fallieras
Investment Insights
Based on property information with market context.
This property package includes a bar/restaurant and six rental units offered together on three parcels identified as 601, 603, and 605 E Main St. The entire group is being sold as one cohesive offering.
The listing notes that the liquor license is included with the sale. Interested parties should review the included A2A comments for additional details on the arrangement and offering.
The property is presented as a mixed-use income group combining ongoing hospitality operations with residential rentals, with the bar/restaurant and rental units sold together for one total transaction.
The listing notes that the liquor license is included with the sale. Interested parties should review the included A2A comments for additional details on the arrangement and offering.
The property is presented as a mixed-use income group combining ongoing hospitality operations with residential rentals, with the bar/restaurant and rental units sold together for one total transaction.
Key Highlights
- For sale as a combined package: main event bar/restaurant plus six rental units
- Includes liquor license with the bar/restaurant and rental units
- Offered as three parcels at 601, 603, and 605 E Main St (sold together)
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 | $42.0k | $5.76 |
| − Vacancy | −$924 | −$0.13 |
| EGI | $41.1k | $5.63 |
| − OpEx | −$10.3k | −$1.41 |
| NOI | $30.8k | $4.22 |
7,294 SF · lease $5.76/SF/yr · vacancy 2.20% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$922.4K
$807.1K – $1.08M
NOI $64,568 @ 7.0% cap · market cap 9.23%
Second Best
Specialty Retail
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 4.40%
Theoretical Best
Warehouse
$1.47M
$1.29M – $1.72M
NOI $102,908 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
Main Event
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Forty Et Eight Inc — 540 S Columbus St, Lancaster, OH 43130
- The Mill Event Center — 431 S Columbus St, Lancaster, OH 43130
- L.B. Bar & Billiards — 146 E Winding St, Lancaster, OH 43130
- J D Henderson's Sports Lounge — 204 S Columbus St, Lancaster, OH 43130
- Double Edge Brewing Company — 158 W Chestnut St, Lancaster, OH 43130
FAQs
What type of property is this?
Bar & Pub - For sale as a combined package: a bar/restaurant plus six rental units across three parcels, including a liquor license.
Where is this bar & pub located?
The property is located at 601 E Main Street Lancaster Lancaster, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: For sale as a combined package: main event bar/restaurant plus six rental units; Includes liquor license with the bar/restaurant and rental units; Offered as three parcels at 601, 603, and 605 E Main St (sold together)
