Restaurant Space with Outdoor
6440 River Rd, Fairfield, OH 45014
For Sale
New
Contact for pricing
Planned restaurant premises will combine indoor dining with an outdoor area beside Marsh Park.
Property Size6,200 SF
Price / SF$0.00
Days on Market2
Property Features for 6440 River Rd
General Information
Standard status
Size
Property subtype
Lease Term
Amenities
first class finishes
tremendous view
Building Details
Building Size
Properties For Sale
at 6440 River Rd
Restaurant
Size
6,200 SF
Term
Negotiable
Listing Agency:
Astonish Commercial Real Estate Services
Listed By:
Michael Bergman · License #OH #BRKM.2020007859
(678) 696-6965
Source:
Corfac
Added: Nov 6
Last Checked: Nov 6 at 2:55PM
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 Astonish Commercial Real Estate Services
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Investment Insights
Based on property information with market context.
A restaurant project is planned at the water’s edge of Marsh Park in Fairfield, Ohio. Plans call for approximately 6,200 SF of indoor space and 4,300 SF of outdoor space, with both indoor and outdoor seating. Construction is estimated to begin in early 2027, with opening targeted for Q2 2028. A restaurant tenant is being sought.
Key Highlights
- Planned restaurant with 6,200 +/- SF of indoor space
- 4,300 +/- of outdoor space
- Water‑edge setting at Marsh Park in Fairfield, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,286
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,720
$1.3M
Cap Rate 7%
$932,657
$932.7K
Cap Rate 9%
$725,400
$725.4K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$93.0K $15.00/SF
− Vacancy
−$6.0K −$0.96/SF
EGI
$87.0K $14.04/SF
− OpEx
−$21.8K −$3.51/SF
NOI
$65.3K $10.53/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,720
Cap Rate 7%
$932,657
Cap Rate 9%
$725,400
Alternative Uses
Best Use
Specialty Retail
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 362,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,811 @ 7.0% cap · market cap 476,727.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Planned restaurant premises will combine indoor dining with an outdoor area beside Marsh Park.
Where is this conventional restaurant located?
The property is located at 6440 River Rd Fairfield, OH.
What are key features of this property?
This property features: Planned restaurant with 6,200 +/- SF of indoor space; 4,300 +/- of outdoor space; Water‑edge setting at Marsh Park in Fairfield, Ohio
