Second-Generation Restaurant
606 W Church Newark, OH 43055
For Sale
Contact for pricing
Commercial building with an existing kitchen, open layout, and two restrooms, suited for restaurant or food-focused concepts.
Property Size3,102 SF
Price / SF$96.39
Days on Market119
Property Features for 606 W Church
General Information
Standard status
Active
Size
3,102 SF
Property subtype
RETAIL
Listing Agency:
Realistar Realty
(614) 787-0701
Listed By:
Emily Stephen · License #OHIO2020005787
Source:
Moodyscre
Added: Apr 2
Changed: Jul 28
Last Checked: Jul 28 at 8:14AM
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 Realistar Realty
Investment Insights
Based on property information with market context.
Located at 606 W Church Ave in Newark, Ohio, this 3,102 SF commercial building is positioned along a high-visibility corridor near downtown. The property is set up as a second-generation restaurant space, featuring an existing kitchen, an open layout, and two restrooms.
The building also offers views of Raccoon Creek. This setting may support use cases beyond dining, including events or gathering-oriented concepts.
In addition to restaurant and bar use, the flexible interior layout is described as suitable for a range of other commercial formats, including retail, boutique fitness, office, event space, or a church/community gathering space. A buyer seeking kitchen infrastructure or a move-in-ready food and beverage foundation should find the existing improvements practical.
The building also offers views of Raccoon Creek. This setting may support use cases beyond dining, including events or gathering-oriented concepts.
In addition to restaurant and bar use, the flexible interior layout is described as suitable for a range of other commercial formats, including retail, boutique fitness, office, event space, or a church/community gathering space. A buyer seeking kitchen infrastructure or a move-in-ready food and beverage foundation should find the existing improvements practical.
Key Highlights
- 3,102 SF commercial building at 606 W Church Ave in Newark, Ohio
- Second generation restaurant space with existing kitchen, open layout, and 2 restrooms
- Flexible interior layout suited for uses including retail, office, event space, or community gathering/church
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 | $17.9k | $5.76 |
| − Vacancy | −$640 | −$0.21 |
| EGI | $17.2k | $5.55 |
| − OpEx | −$4.3k | −$1.39 |
| NOI | $12.9k | $4.17 |
3,102 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$184.6K
$161.5K – $215.4K
NOI $12,921 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,390 @ 7.0% cap · market cap 58.32%
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 - Commercial building with an existing kitchen, open layout, and two restrooms, suited for restaurant or food-focused concepts.
Where is this conventional restaurant located?
The property is located at 606 W Church Newark, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,102 SF commercial building at 606 W Church Ave in Newark, Ohio; Second generation restaurant space with existing kitchen, open layout, and 2 restrooms; Flexible interior layout suited for uses including retail, office, event space, or community gathering/church
